The ECB is expected to cut interest rates in October due to low inflation in France & Spain.
The European Central Bank (ECB) is likely to cut interest rates in October due to unexpectedly low inflation in France and Spain, which fell below 2% for the first time in over three years. This decline, driven by reduced energy costs, has prompted market expectations for a 25 basis point cut to rise to over 70%. Analysts suggest that the ECB's focus may shift from inflation management to stimulating economic growth amidst signs of stagnation in the Eurozone.
September 27, 2024
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