ECB gears up for first back-to-back rate cut in 13 yrs

ECB is widely expected to cut the deposit rate by 25bps to 3.25% today, marking the first back-to-back rate reduction in 13 years. This step reflects ECB’s growing urgency to accelerate monetary easing as inflation cools faster than anticipated and persistent manufacturing struggles spill over into services and employment. Although December had initially been considered […]

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