Source: Semafor
“The European Central Bank announced its second interest rate cuts in three months Thursday, with a quarter-point cut to the deposit rate, down to 3.5% from 3.75%. Analysts had anticipated the deposit rate cut, however the ECB declined to commit to any further cuts this year — most traders bet there will be at least one further 0.25% this year. The ECB’s move comes ahead of the US Federal Reserve’s widely anticipated meeting next week, at which it is also expected to cut the cost of borrowing by 0.25% as inflation comes into its target 2% range.” (09/12/24)
https://www.semafor.com/article/09/12/2024/european-central-bank-poised-to-cut-interest-rates