Citigroup: Betting on the European Central Bank's interest rate cuts is too aggressive, may pause rate cuts by mid-next year
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Citigroup stated that traders should bet on a slowdown in the European Central Bank's interest rate cuts next year, believing that the market is overly optimistic about rapid rate cuts. The money market expects the European Central Bank to cut rates at each meeting before June and to cut rates again in the second half of 2025. Citigroup's Jamie Searle pointed out that if Trump imposes tariffs on Europe, a stronger policy response may be needed. He suggested selling futures linked to Euribor financing rates maturing in June and buying contracts maturing in December 2025
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