CoinVoice has learned that HSBC economists Balboni and Wells state that the European Central Bank may abandon its more policy-restrictive stance at the next meeting, instead signaling a more open attitude towards future interest rate cuts. This would lay the groundwork for further cuts next year; however, given that policymakers have recently called for a gradual approach, a significant cut of 50 basis points in December seems unlikely. However, if economic data continues to disappoint, or if inflation drops more rapidly in early 2025, it could mean that the ECB will accelerate its interest rate cuts. [Original link]