{"id":138193,"date":"2024-09-30T18:00:36","date_gmt":"2024-09-30T15:00:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138193"},"modified":"2024-09-30T16:01:02","modified_gmt":"2024-09-30T13:01:02","slug":"are-interest-rate-cuts-from-the-ecb-looming-in-october","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/are-interest-rate-cuts-from-the-ecb-looming-in-october\/","title":{"rendered":"Are Interest Rate Cuts from the ECB Looming in October?"},"content":{"rendered":"
This change follows disappointing inflation figures from France and Spain, along with a decline in the Purchasing Managers\u2019 Index (PMI), which dropped to 48.9 in September. The PMI\u2019s decrease indicates a notable slowdown in business activity, creating a pressing need for further rate reductions.<\/p>\n
As the ECB\u2019s October 18 meeting approaches, bond markets have adjusted expectations, now indicating an 80% likelihood of a rate cut, up from 40%. Major financial institutions like Goldman Sachs and JPMorgan have updated their forecasts, suggesting cuts could occur in both October and December.<\/p>\n
Paul Hollingsworth from BNP Paribas cautioned that delaying action could jeopardize the eurozone\u2019s economic recovery. The ECB will present updated inflation and growth forecasts during its December meeting.<\/p>\n