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2025-12-18 23:07:59
[ING: ECB's "Good Position" Appears to Be Correct] Carsten Brzeski of ING stated in a report that the European Central Bank (ECB) is unlikely to change its current policy stance in the near term. He noted that interest rates have remained unchanged for over six months, suggesting that a significant decline in inflation or growth is needed before the ECB begins to cut rates. "Inflation forecasts, in particular, provide further evidence that the ECB's current 'good position' is indeed correct." The bank slightly raised its 2026 inflation forecast to 1.9% due to a slower-than-expected decline in services inflation. "Given that inflation is expected to be at or slightly below 2%, while economic growth is projected to be near its potential level, there is no reason for the ECB to change its policy stance in the near term."
