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2025-10-31 19:36:15
[Barclays and Bank of America Issue Joint Statement: ECB Rate Cut Unlikely This Year] ⑴ Barclays and Bank of America Global Research have revised their forecasts, no longer expecting the European Central Bank (ECB) to cut rates at its December meeting. ⑵ Both institutions previously predicted a 25 basis point rate cut by the ECB in December, but have now changed their stance. ⑶ The ECB kept interest rates unchanged at 2% for the third consecutive time on Thursday, stating that policy is in the "appropriate position." ⑷ The central bank noted that economic risks are receding, and the Eurozone has shown continued resilience in the face of uncertainty. ⑸ Barclays now expects interest rates to remain unchanged until the end of 2026, with policy stability exceeding market expectations. ⑹ Bank of America expects a rate cut to be delayed until March next year, by 25 basis points. ⑺ Goldman Sachs and UBS Global Wealth Management, among other institutions, have also reiterated that the ECB will remain on hold for the foreseeable future. ⑻ According to institutional data, current market consensus indicates that the probability of a rate cut in December is extremely low, almost negligible.
