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💬ECB: Too Early to Discuss a 50 Basis Point Rate Cut, Says Wunsch

📉ECB Governing Council member Pierre Wunsch believes it’s premature to consider a 50 basis point rate cut in December. He emphasized that more inflation data is needed before any conclusions are made.

📌Key Points:
— Wunsch said that the inflation slowdown to 1.7-1.8% should not be over-dramatized.
— He highlighted that the inflation decrease is largely driven by external factors, not domestic ones.
— While the eurozone economy is showing signs of weakening, further decisions will depend on upcoming data.

🔍The ECB's flexible approach to adjusting interest rates could significantly impact financial markets in this time of uncertainty.

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