European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 17 2024
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Source: Benzinga
ECB Interest Rate Cut: The European Central Bank has lowered the deposit rate by 25 basis points, marking its third cut of the year and the first back-to-back cuts in 13 years, effective from October 23.
Inflation Outlook and Market Reaction: The ECB anticipates inflation to rise before stabilizing at its 2% target next year, while European markets reacted positively, with the Stoxx 600 index up 0.8%.
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.
