Deutsche Asset Management: A decrease in inflation in the Eurozone next year may prompt the European Central Bank to further cut interest rates
Deutsche Bank Asset Management analyst Johannes Miller said in a webinar that the decline in the eurozone inflation rate next year should enable the European Central Bank to further cut interest rates.
The chief economist of Deutsche Bank Asset Management stated that the company expects the European Central Bank to further cut interest rates five more times, once in December, and then four more times before the third quarter of 2025. Deutsche Bank Asset Management predicts that by 2025, the inflation rate will drop to 2.0%, lower than 2.3% in 2024. However, due to strong wage growth and service price inflation, core inflation may still remain high.
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