Central Banks
ECB Rate Cuts Enter Final Stretch With Divisions Widening
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The European Central Bank is nearing the final leg of its interest rate-cutting cycle with internal divisions set to complicate decision-making over the months ahead.
Thursday’s widely anticipated decrease in the deposit rate to 2.5% is likely to be the last such step that the ECB’s 26 policymakers can easily agree on. Squabbling over how much further to push — and how quickly — is already under way.