Informed sources: European Central Bank officials have not ruled out the possibility of another interest rate cut in October
2024-09-12 15:58:57
On September 12, according to people familiar with the matter, members of the European Central Bank's governing council have not ruled out the possibility of a rate cut in October, even if it is unlikely. Given the downside risks to euro zone economic growth, officials would prefer to keep the option of lowering borrowing costs at the meeting. After the ECB president's press conference earlier today, investors reduced their bets on the ECB raising interest rates next month. They now put the likelihood of such a move at 20%, compared with 40% earlier this week.
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