2024 ECB officials consider one more rate cut possible, depending on inflation and economy.
ECB sources indicate officials are considering if only one more rate cut is feasible in 2024, with the current pricing at 44bps for easing this year. No concrete decision was made at the meeting, but if inflation pressure persists, policymakers may not signal that September is a done deal. However, an argument for cutting rates is that the economy remains weak. No one has ruled out September, but the ECB may be open to adjusting their decision based on incoming data.
July 18, 2024
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