European Central Bank Lowers Interest Rates, Fourth Cut In 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
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Source: Benzinga
ECB Interest Rate Cut: The European Central Bank has reduced the deposit rate by 25 basis points, marking its fourth cut of the year, with current rates set at 3.00% for deposits, 3.15% for refinancing operations, and 3.40% for marginal lending.
Economic Outlook: The ECB anticipates a slower economic recovery than previously expected, projecting Eurozone growth of 0.7% in 2024 and emphasizing a cautious, data-driven approach to future monetary policy while aiming to stabilize inflation at 2%.
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.
