We had been expecting next Thursday’s ECB meeting to be another non-event, but it now looks likely to provide some idea of how soon and how fast policymakers are willing to start cutting interest rates. We explain in this Weekly why we now expect five 25bp rate cuts next year, beginning in April. Meanwhile, we think the SNB will probably leave rates on hold in Switzerland next Thursday, and we are still predicting an off-trend rate hike on the same day by the Norges Bank.
Note: We’ll be discussing the Fed, ECB and Bank of England December decisions and the policy outlook for 2024 in an online briefing on Thursday, 14th December. Click here to register for the 20-minute session.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services