ECB cuts rates, signals possible further easing amid economic uncertainty

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ECB cuts rates, signals possible further easing amid economic uncertainty - Business Standard

Quick Summary:

Easing for the sixth time since June, the ECB lowered its deposit rate to 2.

Markets are pricing almost two more rate cuts this year after Thursday's move, slightly less than before Tuesday's German budget announcement but still broadly in the range of expectations seen in the past few weeks.

While more spending is better for growth, it could also add to price pressures, and measures of longer-term inflation have surged from around 2.05 per cent early this week to 2.24 per cent by Thursday, an unusually large shift.