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2025-10-31 00:46:31
[Goldman Sachs: Market May Be Underestimating Expectations of Another ECB Rate Cut in December or the First Half of 2026] Simon Dancourt of Goldman Sachs Asset Management noted in a report that the market may be underestimating expectations of another European Central Bank (ECB) rate cut in December or the first half of 2026. Previously, the ECB kept interest rates unchanged as expected. He stated that economic data remains mixed, and the pace of Germany's fiscal expansion plan may be slow, which will lower the economic growth outlook and provide counterarguments for policymakers who prefer to keep interest rates unchanged. "The December meeting will release economic forecasts for 2028; if the forecasts show inflation falling below expectations for three consecutive years, doves will push for an earlier rate cut."
