European Central Bank heads for last rate cut of year — but jumbo move seems off the table

The European Central Bank is expected to announce its final interest rate cut of the year on Thursday, likely sticking to a quarter-point reduction but hinting at a faster pace of monetary easing in the future. The upcoming meeting will be crucial for setting guidance for the coming year, as ECB staff will release their macroeconomic projections amid uncertainty over the global impact of Donald Trump’s policies and trade threats. Despite an uptick in inflation and modest economic growth in the euro zone, the possibility of a significant rate cut remains uncertain as policymakers remain cautious and data-dependent.

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