ECB Is Likely To Cut Rates Before Fed, BNP Paribas AM Says – Interview

The European Central Bank is likely to cut interest rates in the spring, before the Federal Reserve does, as the eurozone economy is weaker than that of the U.S., Daniel Morris, chief market strategist at BNP Paribas Asset Management told Dow Jones Newswires.

“It would make more sense that the ECB cuts first,” he said in an interview. An initial ECB rate cut in March or April is “conceivable.”