ECB Expected to Reduce Rates by 25 Basis Points in December

Reported about 1 month ago

The European Central Bank (ECB) is likely to decrease interest rates by 25 basis points in December, according to an interview with ECB policymaker Robert Holzmann reported by Bloomberg News. Holzmann indicated that while a half-point cut is not probable, it remains a possibility, and suggested that the recent rate cut in October might have made a December cut unnecessary.

Source: YAHOO

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