Analyst: ECB resolution in line with expectations, 50 bps rate cut possible in December
Analysts say there are no surprises in this ECB rate resolution. If inflation and PMI data for October and November continue to surprise to the downside, a 50 basis point rate cut at the next meeting in December is possible. Given that this and more rate cuts (five by the end of next year) have already been digested by European equities, the current earnings season is more likely to dominate market action.
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