More easing to follow today’s ECB 25 bps cut

In Short

ECB cut by 25 bps today: At today’s meeting the GC again decided to cut its key rate, the deposit rate, to 2.75%. It continues with fully non-reinvestments of its APP and PEPP purchases. Weak growth data: Today’s policy meeting coincided with the release of preliminary Q4/24 GDP data reporting stagnation as the EA-3 economies all performed weaker than expected thereby falling clearly below the ECB’s latest staff projection assumption of 0.2% qoq and making the 2025 annual forecast of 1.1% looking too optimistic.
More easing to follow today’s ECB 25 bps cut
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