The recent ECB Forum on Central Banking saw the heads of the main central banks espousing similar musings on the economic outlook and elevated level of uncertainty that currently prevails.
For the fourth consecutive meeting, the ECB cut rates by 25 bps in June.
The Fed left rates on hold again in June, in a 4.25-4.50% range.
Assessing the monetary policy outlook for the second half of the year, the market is anticipating the ECB Depo rate failing to 1.75% by year end.
