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ECB Watch: Rate cuts on fast track
The ECB is very likely to accelerate the pace of its rate cuts by cutting 25bp again at the October meeting. However, the central bank may not be ready to signal that it intends to cut rates at every meeting going forward. The ECB confirmed the quarterly pace of rate cuts by another 25bp rate cut at the September meeting and stated that another cut as early as at the October meeting was unlikely. Only a few weeks later, including the release of weak PMI and inflation data, the October cut was back in play and seemed to actually have become the new baseline. In fact, when Lagarde commented, “Looking ahead, inflation ... (full story)
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From treasurydirect.gov|Oct 10, 2024table
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- Posted: Oct 10, 2024 1:45pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,402
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