Deutsche see ECB cutting rates in October with potential for a 50 bps move in December
Deutsche is the latest to revise their call and sees the ECB cutting rates in October now. However, they're going a little further than others in factoring in the potential for a 50 bps rate cut in December. The firm says that it could be a close call if recent weaker growth and inflation trends are to continue.In the bigger picture, they see ECB rates falling to 2% to 2.5% by the middle of 2025. This article was written by Justin Low at www.forexlive.com.
Deutsche is the latest to revise their call and sees the ECB cutting rates in October now. However, they're going a little further than others in factoring in the potential for a 50 bps rate cut in December. The firm says that it could be a close call if recent weaker growth and inflation trends are to continue.
In the bigger picture, they see ECB rates falling to 2% to 2.5% by the middle of 2025. This article was written by Justin Low at www.forexlive.com.
