Lagarde: Uncertainty Keeps ECB From Cutting Rates Amid Iran Conflict
ECB President Christine Lagarde’s call for more information before deciding on policy has left the odds of a 50+ bps rate cut at 0.2% YES, unchanged from last week, as the Iran-Israel conflict continues to disrupt energy markets. ## Market reaction The April 2026 odds hold at 0.2% YES. Face value trading volume is $2,859/day