Central Banks
ECB to Cut Rates at Next Four Meetings on Tariffs, JPMorgan Says
Expectations for further reductions from the ECB have built after US President Donald Trump’s tariff announcement.
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The European Central Bank will cut interest rates at its next four meetings as the economic costs of US tariffs mount, according to analysts at JPMorgan Chase.
Euro-zone growth will take a bigger hit than previously expected in the near term, resulting in “very weak” expansion over the next three quarters, Greg Fuzesi, Raphael Brun-Aguerre and Mariana Monteiro said Tuesday in a research note.