ECB lowers three key interest rates by 25 basis points
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
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Interest Rate Decision: The European Central Bank's Governing Council has reduced the three key interest rates by 25 basis points, particularly lowering the deposit facility rate to align with updated inflation assessments.
Inflation Outlook: The central bank indicates that inflation is on track to reach the 2% medium-term target this year, despite high domestic inflation due to delayed adjustments in wages and prices, although wage growth is moderating.
Analyst Views on SPY
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 685.400
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Current: 685.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
