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Market Speak: ECB minutes suggest rate cuts may be over
28-Nov-2025 09:46
ECB's latest meeting minutes show that policymakers widely supported keeping interest rates unchanged, reflecting a cautious stance as uncertainty remains high. The Governing Council said monetary policy is 'in a good place,' supported by a steady economy and inflation nearing target levels. Some members argued that no additional easing may be necessary, viewing the 2% deposit rate as strong enough to handle future shocks. With the economic and inflation outlook aligning with September projections, several officials suggested the rate-cutting cycle could already be at its endpoint. Others, however, emphasized staying fully open to future adjustments if conditions shift.

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