tldr; The European Central Bank (ECB) decided to keep interest rates steady in September, citing inflation near its 2% target and a cautious approach due to weak growth and global risks. Policymakers believe current rates are robust enough to manage economic shocks and see limited chances of further rate cuts this year or early 2025. Inflation projections remain stable, and economic growth forecasts have been slightly adjusted. The ECB plans to monitor evolving risks, including tariffs and economic uncertainties, while maintaining a wait-and-see approach for clearer signals.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
kirtash93 on
My trust on ECB is under the bottom. CBDC coming in October according to them.
Control, control and more control.
🍩 !tip 1
SigiNwanne on
Expected this due to the global economic situation right now and I doubt if the anticipated October/November rate cut by the US will happen. !tip 1
Odd-Radio-8500 on
I think it’s more like a cautious approach than taking any action.
4 Comments
tldr; The European Central Bank (ECB) decided to keep interest rates steady in September, citing inflation near its 2% target and a cautious approach due to weak growth and global risks. Policymakers believe current rates are robust enough to manage economic shocks and see limited chances of further rate cuts this year or early 2025. Inflation projections remain stable, and economic growth forecasts have been slightly adjusted. The ECB plans to monitor evolving risks, including tariffs and economic uncertainties, while maintaining a wait-and-see approach for clearer signals.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
My trust on ECB is under the bottom. CBDC coming in October according to them.
Control, control and more control.
🍩 !tip 1
Expected this due to the global economic situation right now and I doubt if the anticipated October/November rate cut by the US will happen. !tip 1
I think it’s more like a cautious approach than taking any action.
^(!tip 1)