Economic Briefing/Economic Insights
To-the-point economic analysis by Commerzbank's research team
© Commerzbank
13 December 2024
ECB much more confident
As expected, the ECB cut its policy rates by 25 basis points today. Otherwise, the ECB appears much more confident that it will achieve its inflation target of 2% on a sustainable basis. We continue to expect the ECB to lower its deposit rate to 2% by the summer. Comments by Lagarde suggest that the ECB will cut rates at its next meeting by 25 and not 50 basis points.
