The ECB May Contemplate Another Rate Cut in October to Address Growth Risks
Publication Time:2024-09-13 00:46:06
According to internal sources, although the likelihood of cutting interest rates is relatively low, the ECB's governing council has not entirely ruled out the possibility of implementing a rate cut at its next decision on October 17th. This move aims to tackle the uncertainties and downside risks to economic growth within the eurozone. Given the current economic situation, ECB officials tend to keep the option of lowering borrowing costs open, so they can take action when necessary to stimulate the economy, ensuring the stability and growth prospects of the eurozone financial markets.
European Central Bank
Interest Rate Cut
Economic Growth
decision-making