European Central Bank Poised for Interest Rate Cut Amid Economic Concerns

Just three weeks ago, European Central Bank (ECB) officials believed that a rate cut at the October 17 policy meeting was unlikely. However, the situation has changed dramatically, making a 25 basis point cut almost certain.Commercial survey results have significantly worsened, inflation data has dropped below 2% for the first time in over three years, and the Federal Reserve's shift to a more accommodating stance has provided additional assurance. These factors have pushed ECB policymakers to the brink of ...