ECB's Vasle: Market expectations for 2024 rate cuts excessive given inflation outlook
- Market pricing for ECB rate cuts in 2024 is excessive, per Governor Vasle
- Recent rate cut expectations inconsistent with policy to get inflation to target
- Inflation will rebound in 1H 2024; ECB should assess outlook after
- Wage formation in Q1 2024 crucial for policy outlook
- Vasle Accommodation priced into rates doesn't match policy stance