6 June 2025 Eurozone Monitor The ECB delivers a hawkish cut; is this it for the easing cycle?
4th Jun 2025 16:55EurozoneWeekly Monitor
- The ECB cut the deposit rate by 25bp to 2.0%, as expected, but Ms. Lagarde signalled this is it.
- We still see a final 25bp cut, to 1.75%—now in September—but we’re less certain than before.
- The ECB’s new forecasts are very dovish on inflation and likely will have to be revised up in due course.
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