BofA: ECB to Hold Rates in April

Bank of America analysts forecast the ECB will leave policy rates unchanged at its April meeting, citing lack of new shock data.
Energy market trends and recent economic data have stayed broadly in line with the ECB’s baseline projections, according to BofA.
The report notes BofA maintains a long position in German government bonds and December‑2026 to December‑2027 Euribor flatteners.
In foreign‑exchange, BofA remains cautious on the euro in the short term, particularly against the US dollar, citing volatility.