[Sources: ECB Leaning Toward Keeping Rates Unchanged, December Becomes a Key Window]
According to a report by Jinse Finance, informed sources revealed that European Central Bank policymakers are convinced that a 2% inflation rate can be achieved without further rate cuts, even though new economic forecasts indicate that inflation will fall below 2% in the next two years. The sources stated that borrowing costs are expected to remain at current levels for some time unless the eurozone experiences another major shock. The sources also noted that while the possibility of a rate cut at the October meeting can almost be ruled out, December will present an opportunity for reassessment, as the new quarterly forecasts will include projections for 2028. A spokesperson for the European Central Bank declined to comment.
