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ECB: MNI ECB Review - September 2024: Back In December

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  • The ECB cut the deposit rate by 25bp as expected and narrowed the policy rate corridor as indicated back in March.
  • President Lagarde reiterated the data-dependent and meeting-by-meeting approach, as well as explicitly stating that despite the obvious downward trajectory there is no predetermined policy rate path.

See here for MNI's review of the decision.

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  • The ECB cut the deposit rate by 25bp as expected and narrowed the policy rate corridor as indicated back in March.
  • President Lagarde reiterated the data-dependent and meeting-by-meeting approach, as well as explicitly stating that despite the obvious downward trajectory there is no predetermined policy rate path.

See here for MNI's review of the decision.