The ECB cut rates on Thursday:
Given the EU’s economic situation, analysts expect more rate cuts:
- RBC forecasts multiple ECB rate cuts over the next six months
- TD: No major surprise; now pessimistic about the euro
- Deutsche Bank anticipates quicker ECB rate cuts
- The ECB is lagging behind
UBS’s expectations:
- Expects a rate cut in December
- Projects the deposit rate to reach 2.0% by 2025
- Predicts euro support in upcoming months
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