Here's what we now know about the European Central Bank's rate cut plans
Publishing timestamp: 2024-12-16 08:54:38
Summary
The European Central Bank took a dovish tone last week, with indications of further interest rate cuts early next year. Questions remain about the neutral rate and the possibility of rates going below that to support economic growth. ECB President Christine Lagarde noted concerns about inflation and economic growth, but overall, the meeting was seen as the most dovish of the current cycle. Market participants are pricing in a fall in the key ECB rate to 1.75% by September next year, with the possibility of further cuts beyond that. Some analysts believe the ECB may need to do more to support the economy in 2025.
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Keywords: breaking news: markets, deutsche bank ag, markets, central banking, business news, christine lagarde, prices,
Source: https://www.cnbc.com/2024/12/16/we-now-know-about-the-european-central-banks-rate-cut-plans.html