Recent ECB Interest Rate Cut and Future Expectations
September 16, 2024
The European Central Bank (ECB) has cut interest rates for the second time, noting a downward trend. While analysts believe a third cut in December is likely, Ms. Lagarde did not provide clear indications for future decisions. Markets estimate the chance of a further rate reduction at only 20% for the upcoming meeting. The ECB is expected to continue making potential cuts every quarter, depending on economic conditions.