The ECB lowered interest rates on Thursday:
Analysts are expecting more rate cuts due to the EU’s economic situation:
- Forexlive Americas FX news wrap: ECB cuts rates, US retail sales beat estimates
- TD on the ECB – no major surprises, now negative on euro
- Deutsche Bank predicts quicker ECB rate cuts
Additionally, UBS observes:
- Predicting a December rate cut
- Expecting the deposit rate to reach 2.0% by 2025
- Seeing a supportive outlook for the euro in the future