Research Detail
| 2024/10/17 / Erste Group Research |
ECB cuts further As had been widely expected, the ECB Governing Council decided today to cut the deposit rate by a further 25 basis points (bp) to 3.25%. According to the ECB, the latest inflation data shows that the disinflationary process is well on track. The inflation outlook is also affected by the recent negative surprises in the economic momentum indicators. In our view, the Governing Council of the ECB will also cut key interest rates by a further 25 bp at the December meeting. The ECB economists' new forecasts for growth and inflation in December will certainly be interesting. In our view, there are currently downside risks to growth expectations. |
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General information
| Author | Erste Group Research |
| Date | 2024/10/17 |
| Language |  |
| Product name | Short Notes Major Markets |
| Topic in focus | Macro/ Fixed income |
| Economy in focus | Eurozone |
| Currency in focus | Euro |
| Sector in focus | - |
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