European Central Bank Cuts Key Interest Rates As Inflation Cools
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2024
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Source: Benzinga
Interest Rate Changes: The European Central Bank (ECB) has lowered interest rates by 25 basis points, setting the deposit facility rate at 3.50%, the refinancing rate at 3.65%, and the marginal lending rate at 3.90%, in response to inflation outlook assessments.
Inflation Projections: Inflation is expected to average 2.5% in 2024, with a gradual decline towards the ECB's 2% target, while economic growth forecasts have been slightly adjusted downwards due to anticipated weaker domestic demand.
Analyst Views on DBEU
Wall Street analysts forecast DBEU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DBEU 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: 49.460
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Current: 49.460
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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.
