ECB probably to cut rates by 25 basis points in Dec, Bloomberg News reports

2024.10.24 01:05

(Reuters) – The European Central Bank (ECB) will probably cut interest rates by a quarter-point in December, Bloomberg News reported on Thursday in an interview with ECB policymaker Robert Holzmann.

“I’d say a quarter-point step is probable in December,” Holzmann told Bloomberg.

“A bigger half-point cut is unlikely though not impossible. But we might also conclude that preemptively cutting in October might have been sufficient to take a break in December,” Bloomberg reported Holzmann saying.

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