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Summary of European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over



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European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over


Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December.

https://www.cnbc.com/2024/10/23/european-central-bank-policymakers-split-on-the-need-for-big-rate-cuts.html

The European Central Bank is considering a half-point interest rate cut in December, despite concerns about economic growth and inflation. Policymakers are split on the decision, with some arguing that a bigger cut is needed to stimulate the economy, while others believe that the current quarter-point cut is sufficient. The ECB has repeatedly warned that inflation is likely to rise over the coming months, before declining to the target level next year.