Carmignac predicts ECB may cut interest rates for the first time in June

According to Golden Ten, Kevin Thozet, a member of the Carmignac Investment Committee, said in a report that the European credit market background is favorable, and it is expected that the European Central Bank may cut interest rates for the first time in June, and may further cut interest rates after September. He believes the economy's resilience will keep defaults under control, while falling inflation will allow interest rates to be lowered. Carmignac is bullish on bonds in the short to medium term. Thozet further said that lower policy rates would equate to reflation, so long-term bond yields would rise as the yield curve steepens to reflect better growth prospects.