Core Viewpoint - The European Central Bank (ECB) is nearing the terminal interest rate and does not see an urgent need to cut rates if the baseline scenario remains unchanged [1] Summary by Relevant Categories Monetary Policy - ECB Governing Council member Martins Kazaks indicated that the current interest rates are close to the terminal level, suggesting a pause in rate cuts unless there are significant changes in economic conditions [1]

Core Viewpoint - Goldman Sachs expects the European Central Bank to reach a terminal interest rate of 1.75% in July this year, up from a previous forecast of 1.5% in September [1] Group 1 - The anticipated increase in the terminal interest rate reflects a shift in monetary policy expectations by Goldman Sachs [1] - The adjustment in the timeline for the interest rate hike indicates a more aggressive stance by the European Central Bank in response to economic conditions [1] - This change may influence market dynamics and investor sentiment regarding European assets [1]

Core Viewpoint - Goldman Sachs expects the European Central Bank (ECB) to reach a terminal interest rate of 1.75% by July this year, up from a previous expectation of 1.5% in September [1] Group 1 - The adjustment in the terminal rate reflects a shift in monetary policy outlook by Goldman Sachs [1] - The new forecast indicates a more aggressive stance by the ECB in response to economic conditions [1] - This change may influence market expectations and investment strategies across Europe [1]

Core Viewpoint - The Bank of England Governor Bailey stated that the market's expectation of a 3.5% terminal interest rate is not unreasonable [1] Summary by Relevant Categories Monetary Policy - The current market expectations regarding the terminal interest rate reflect a reasonable outlook according to the Bank of England [1]

Core Viewpoint - The French Foreign Trade Bank maintains its expectation that the Federal Reserve will restart its rate-cutting cycle in September, with a terminal rate projected to reach 3% [1] Summary by Relevant Sections Federal Reserve Expectations - The results of the recent Federal Reserve meeting align with prior guidance from policymakers, indicating no change in the bank's expectations for the Fed [1] - The bank anticipates multiple rate cuts in succession until the terminal rate reaches 3% [1] Economic Predictions - The baseline forecast for this year includes a moderate rise in the unemployment rate rather than a sharp increase [1] - The bank suggests that the Fed will only ease policies after the risks of recurring inflation are mitigated [1] Downside Risks - There is a caution regarding potential downside risks; if vulnerabilities in the labor market materialize, the Fed may be compelled to cut rates before September, potentially exceeding the baseline prediction of a 25 basis point cut [1]