The ECB lowered interest rates on Thursday.
Analysts expect more rate cuts due to the EU’s economy:
- TD states the ECB’s decision was expected and has a bearish outlook on the euro.
- Deutsche Bank anticipates quicker ECB rate cuts.
- Some say the ECB is not responding quickly enough to economic conditions.
UBS’s predictions include:
- Expecting a rate cut in December
- Aiming for a deposit rate of 2.0% by 2025
- Seeing potential support for the euro in the near term.