Report
ECB December meeting: inflation on track to target
As widely expected, the ECB cut its deposit rate by 25bp. The overall tone of the press conference was rather neutral with respect to the next steps. While President Lagarde stressed that the “direction of travel” was clear, there was no guidance on neither the speed of rate cuts n or the eventual landing zone. We continue to expect 25bp rate cuts in the upcoming meeting s until the deposit rate reaches 2% in June .
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Dirk Schumacher
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