The European Central Bank has further room to cut interest rates, and German bond yields may be 2.45% by the end of next year.
2025-11-17 08:15:24
Morgan Stanley said it expects the ECB to cut interest rates further in the first half of next year. By the middle of next year, the policy rate will be cut from the current 2.00% to 1.50% and remain at that level. "Weak economic growth, lower-than-expected inflation and limited fiscal stimulus are all driving further easing by the ECB," the strategists noted. Against this backdrop, Morgan Stanley expects the 10-year Bund yield to be around 2.45% by the end of 2026. According to LSEG data, money markets expect the ECB to cut interest rates by nearly 10 basis points in June 2026. (Golden Ten)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
大摩：欧洲央行有进一步降息空间，德债收益率明年底或为2.45%Next article：
BTC突破96000美元
