ECB officials see December as the next opportunity to cut rates, sources say
three sources said that European Central Bank decision-makers believe that the December meeting is the most realistic time frame to discuss whether to cut interest rates again to cushion the impact of US tariffs on the eurozone economy. The European Central Bank kept interest rates unchanged on Thursday and maintained an optimistic view of economic growth and inflation, dampening expectations of further rate cuts. However, sources from the ECB's management committee said that the debate on rate cuts is not over, but decision-makers may not have enough information before the next meeting on October 29 to make a proper assessment. This means that, considering the upcoming inflation and economic growth data and the next batch of forecasts, the meeting on December 18 is seen as a more likely date to discuss lowering borrowing costs.
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