Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

Factbox-Big banks start to add October cut to ECB forecasts

admin by admin
September 27, 2024
in Economy
0
Factbox-Big banks start to add October cut to ECB forecasts
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

LONDON (Reuters) -Several brokerages now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, as data showing economic weakness and slowing inflation pushes policy makers to focus more on growth and less on price pressures.

Market pricing now reflects around an 80% chance of such a rate cut, which would follow reductions at the ECB’s June and September meetings.

Euro zone business activity contracted sharply and unexpectedly in September, surveys showed, as the bloc’s dominant services industry flatlined and a downturn in manufacturing accelerated, while inflation in France and Spain for September came in very soft.

Sources told Reuters that ECB policy doves are preparing to fight for an October rate cut – though this would likely meet resistance from more conservative peers – a turnaround from the aftermath of the ECB’s September meeting when they saw an October move as unlikely.

Here are the latest forecasts from some brokerages.

Rate cut

Brokerage estimates

(bps)

Terminal

Oct ’24 Dec rate/ end ’25 forecast

’24

Goldman 25 25 2.0% (June 2025)

Sachs

Deutsche – 25 2.0%-2.5% (mid-2025)

Bank

HSBC 25 25 2.25% (April 2025)

BNP 25 25 2.25% (end-2025

Paribas forecast)

RBC 25 25 2.25% (April 2025)

25 25 2.0% (June 2025)

JP

Morgan

Barclays – 25 2.50% (end 2025

forecast)

Citi – 25 likely under 2%

UBS IB – 25 2.25% (end-2025

forecast)

ING – 25 2.25% (end 2025

forecast)

BBVA (BME:BBVA) – 25 2.75% (November 2025)

SEB – 25 2.00% (end 2025)

This post appeared first on investing.com

Previous Post

Analysis-Flush with multinational money, Ireland struggles to close infrastructure gap

Next Post

Bristol-Myers Squibb stock gains on FDA approval of schizophrenia treatment

admin

admin

Next Post
Bristol-Myers Squibb stock gains on FDA approval of schizophrenia treatment

Bristol-Myers Squibb stock gains on FDA approval of schizophrenia treatment

Trending News

Asian markets close: Hong Kong surges, Nikkei pauses; Sensex ends 182 pts higher

Asian markets close: Hong Kong surges, Nikkei pauses; Sensex ends 182 pts higher

May 14, 2025
Google defeats UK trademark lawsuit over YouTube Shorts name

Google defeats UK trademark lawsuit over YouTube Shorts name

October 31, 2024
How billionaire Caltagirone could influence Italy’s banking M&A wave

How billionaire Caltagirone could influence Italy’s banking M&A wave

March 8, 2025
Subscribe to Insightful Word


    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025
    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    S&P 500 nears record high as Wall Street opens higher amid tech momentum

    June 26, 2025
    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    Galaxy Digital launches $175 million fund to back DeFi and stablecoin startups

    June 26, 2025

    Recent News

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    S&P 500 nears record high despite headwinds: key drivers behind the surprise rally

    June 26, 2025
    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high

    June 26, 2025

    Latest News

    • S&P 500 nears record high despite headwinds: key drivers behind the surprise rally
    • Top Nasdaq 100 Index stocks of 2025 as it breaks new all-time high
    • S&P 500 nears record high as Wall Street opens higher amid tech momentum

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.