(CercleFinance.com) – Up for a seventh month in a row, the ZEW economic climate index for Germany gained another 4.7 points in February to settle at +19.9, and thus returned to its highest level. highest in a year.
‘More than two thirds of those surveyed expect the ECB to make interest rate cuts over the next six months given the slowdown in inflation,’ explains ZEW President Achim Wambach.
This new improvement in the expectations of German financial market experts is nevertheless accompanied by a deterioration in their estimate of the current situation, the corresponding index having fallen by 4.4 points to -81.7, lowest since June 2020 .
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