Deutsche Bank said on Wednesday that it expects the European Central Bank (ECB) to cut interest rates by 150 basis points (bps) next year, 50 bps more than their previous forecast, with inflation easing and the central bank likely to take a dovish stance. in favor
Deutsche Bank expects a reduction of 50 bps in a row in April and June next year, followed by a reduction of 25 bps in each of September and December.
Data this week showed that eurozone inflation eased to 2.4% in November, missing expectations for the third consecutive month.
Isabel Schnabel, who is the ECB's leading "hawkish" policymaker, in an interview ruled out the possibility of another interest rate hike, which led market players to raise expectations for the first rate cut as early as March next year. They now expect a reduction of 140 basis points by December.
