CoinVoice has learned that Jack Allen-Reynolds, an analyst at Capital Economics, stated that the preliminary PMI indicates that economic activity in the Eurozone continues to slow this month, which will further stimulate the European Central Bank to cut interest rates. The PMI remains below the levels seen in October, which historically aligns with economic contraction. This will reinforce the view among European Central Bank policymakers that further interest rate cuts should be implemented following last week's reduction in borrowing costs.
Earlier on Monday, European Central Bank President Lagarde stated that it is necessary for the ECB to cut rates again due to the impact of potential new tariffs that European exporters may face from the United States. (Jinshi) [Original link]
