Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>The hopes of a March cut are long gone, but the ECB meeting will be interesting to watch nonetheless.</li><li>The ECB has been dovishly surprised on right about every single measurable parameter since the December meeting, which will likely make its impact at the March meeting.</li><li>HICP assumptions for Q1 averaged at 2.9% with the actual prints in January and February coming in at 2.8% and 2.6%, respectively.</li></ul>

The hopes of a March cut are long gone, but the ECB meeting will be interesting to watch nonetheless.The ECB has been dovishly surprised on right about every single measurable parameter since the December meeting, which will likely make its impact at the March meeting.HICP assumptions for Q1 averaged at 2.9% with the actual prints in January and February coming in at 2.8% and 2.6%, respectively.

ECB Watch: A scope for a decent dovish surprise