David McNamara: There is a strong case for the ECB to move even faster on rate cuts

Despite market expectations for a 25bps rate cut this week, the decision from the ECB is likely to be a close call

The market is pricing about 60bps of policy easing between now and year-end.

Last week’s Irish GDP data provide the first full breakdown of the economy in the second quarter. 

Beneath the perennially volatile GDP data, the domestic indicators point to a picture of moderate growth so far in 2024.