ECB may postpone rate cuts until December, per former Governing Council member Ewald Nowotny.

Ewald Nowotny, a former ECB Governing Council member, indicated that the European Central Bank (ECB) is likely to hold off on rate cuts until December. Current market expectations suggest minimal changes in rates for the remainder of the year, with approximately 75% probability of no cut in October. The ECB aims to assess the economic outlook before making any decisions.

September 16, 2024
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