The ECB lowered rates by 25 basis points to 3.25%, as anticipated:ECB cuts key rates by 25 bps in October monetary policy decision, as expectedDeutsche Bank with a quickie on what's to come, saying that the ECB cited progress in the disinflation process and recent weaker-than-expected economic data. While the cut is notable for speeding up the easing cycle with consecutive rate reductions, the ECB remains cautious by not offering specific guidance on future policy moves, which is prudent given the uncertainties ahead. However, (Thursday's) decision likely marks a shift towards a quicker normalization of monetary policy.Good stuff from DB, although I do prefer Adam's take:The ECB is behind the curve and oblivious to it This article was written by Eamonn Sheridan at www.forexlive.com.
The ECB has reduced rates by 25 basis points to 3.25%, as expected.
Deutsche Bank suggests this cut reflects progress in reducing inflation, despite recent weak economic data. Although the ECB is easing rates, it is cautious and not providing clear guidance on future actions, which is sensible given the uncertainty. This decision appears to signal a quicker return to normal monetary policy.
Good insights from DB, but I prefer Adam’s perspective:
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