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ECB Set to Cut Interest Rates Below 2% Amid Economic Concerns
ECB Set to Cut Interest Rates Below 2% Amid Economic Concerns
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The European Central Bank is poised to reduce interest rates below 2% this month, marking a significant shift in monetary policy. The deposit facility rate will likely drop from 2.25% to 1.75%—the eighth consecutive cut in twelve months. Weak inflation, sluggish growth, and currency pressures from US tariff policies have forced the ECB’s hand.
Pierre Wunsch, Belgium’s central bank governor and ECB Governing Council member, told the Financial Times the MOVE aims to be "mildly supportive" of economic expansion. Market expectations align with his projection of accommodative policies lasting through 2025. This represents a stark reversal from Wunsch’s hawkish stance earlier this year.
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