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2025-10-31 00:42:29
[EFG Bank: Eurozone Economic Slowdown Not Enough to Trigger ECB Rate Cut] EFG Bank's Stefan Gerlach noted in a report that the slowdown in Eurozone economic growth is not enough to prompt the European Central Bank (ECB) to cut interest rates. As expected, the ECB kept rates unchanged on Thursday. Gerlach stated that although Eurozone economic growth has slowed, the slowdown is not significant enough to justify another rate cut. Inflation is also close to the target level. The chief economist indicated that the ECB's decision not to release economic forecasts in October was also one of the reasons for keeping rates unchanged. However, weak economic forecasts in December could influence the ECB's decision. He stated, "If the December forecasts show that economic growth in 2028 is significantly below the 2% target, or that economic activity weakens significantly, then the likelihood of a rate cut will increase."
