With inflation expectations close to a record low, and a number of negative market developments in recent weeks, Derek Halpenny believes the time is right for the European Central Bank to cut its key policy rate by 20bps at its next meeting in late July, offering an out-of-consensus outlook from other market views.

Watch this month's video to hear Derek's reasoning, as well as his perspective on a Christine Lagarde presidency at the ECB, and the implications for the EUR exchange rate.

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