European Central Bank ready to cut rates as inflation falls below target
- Rate cut expectedThis entry was posted in European Central Bank (ECB). to cut the key interest rate from 3.5% to 3.25%, which would be the third cut since June this year.
- Inflation is falling: Inflation in the eurozone fell in September to 1,8 %, below the target level for the first time in more than three years 2 %.
- Weak economic growthEurozone economy grew by only 0,3 %, adding to the arguments for lower rates.
- Expectations of further cuts: Analysts expect that the ECB could cut rates in Decemberif current economic developments continue.
I hope it will cut next time and it is also important that the Fed cuts next time.
It's still high, but of course it's good that something is happening and interest rates are finally coming down.
Fine, but it needs to continue and interest rates need to come down more and more.
Just let me gradually bring it down and in 27-28 we can have mortgages at least around 2%😁
This is great news, but of course it will be much more important what inflation in the US will be and how many more times the Fed will cut interest rates.