Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
Head of Macroeconomic Research
Summary: Today's ECB meeting should include no change in statement from the previous meeting, but it should reveal the main parameters of the strategic review that could broaden the scope of the ECB mandate.