Alongside its decision to cut interest rates by 25bp, the ECB stuck to its guidance about data dependence and making decisions on a meeting-by-meeting basis. But the press release also acknowledged the recent weakness of activity and continued decline in inflation. We think the data will support 25bp rate cuts at each of the next few meetings, at the very least.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.