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globalreutersOctober 17, 20241 Mins read
UBS see plenty more European Central Bank rate cuts, Dec & 2025. Euro has cyclical support
globalreutersOctober 17, 20241 Mins read The ECB cut rates on Thursday:
Given the state of the EU economy analysts are piling in projecting further rate cuts:
- Forexlive Americas FX news wrap: ECB cuts rates, US retail sales beat estimates
- TD on the European Central Bank – no major surprise. Now pessimistic on euro.
- Deutsche Bank expect faster rate cuts from the European Central Bank to come
UBS too:
- see a December rate cut
- project the deposit rate to hit 2.0% in 2025
- see support for the euro in the months ahead, cyclical factors for FX more broadly including EUR
This article was written by Eamonn Sheridan at www.forexlive.com.
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