Gold Ten Data September 12 news, Swiss Bank of St. Gerlach, Chief Economist Stefan, said the European Central Bank on Thursday depo interest rate cut 25 basis points to 3.50%, and may again cut interest rates in December, unless the data deteriorates sharply. "Adjusting interest rates when publishing economic forecasts is helpful because it makes it easy to explain policy decisions," he said. The overwhelming market currently expects no rate cut in October, but a rate cut in December. Gerlach said that the Federal Reserve's decision next week is not significant for the European Central Bank. "The economic conditions in the euro zone and the United States are different, so the policies of the European Central Bank and the Federal Reserve may differ accordingly."
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Swiss Julius Baer Bank: The next interest rate cut by the European Central Bank may be in December
Gold Ten Data September 12 news, Swiss Bank of St. Gerlach, Chief Economist Stefan, said the European Central Bank on Thursday depo interest rate cut 25 basis points to 3.50%, and may again cut interest rates in December, unless the data deteriorates sharply. "Adjusting interest rates when publishing economic forecasts is helpful because it makes it easy to explain policy decisions," he said. The overwhelming market currently expects no rate cut in October, but a rate cut in December. Gerlach said that the Federal Reserve's decision next week is not significant for the European Central Bank. "The economic conditions in the euro zone and the United States are different, so the policies of the European Central Bank and the Federal Reserve may differ accordingly."