Analysts expect the ECB is likely to cut rates by 50 basis points in December
Analysts say there are no surprises in this ECB rate resolution. If inflation and PMI data for October and November continue to surprise to the downside, a 50 basis point cut at the next meeting in December is possible. Given that this and more rate cuts (5 by the end of next year) have already been digested by European equities, the current earnings season is more likely to dominate the market.
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