Yuxin Bank: Expect the Federal Reserve to cut interest rates once this year, and the European Central Bank to keep rates unchanged until 2027

Mars Finance reports that according to Jintou, Marco Valli and Daniel Vernazza, chief economists at Uxin Bank Investment Research Institute, stated in a report that military actions against Iran are expected to last for several weeks, and central banks around the world can temporarily ignore short-term turbulence. They said that under the baseline scenario, the Federal Reserve still expects only one rate cut this year, while the European Central Bank will keep interest rates unchanged until 2027. The two chief economists added that this year, the risks faced by the European Central Bank have shifted from additional monetary easing to the possibility of tightening policies earlier.