The ECB last week cut the deposit rate by a quarter point to 3%, the fourth such move since June. Officials have indicated that more steps will follow, though the differ on how many will be ...
Money markets are already pricing in a full percentage point of ratecuts by the ECB in 2025, which would bring the deposit facility rate to 2%—its lowest level since January 2023.
At its meeting on December 12, the European Central Bank delivered its fourth ratecut of 2024 alongside updated guidance that indicates rate-setters are ready to move away from the current ...