Data Drives ECB's October Rate Cut
PGIM Fixed Income's Deputy Head of Global Economics, Katharine Neiss, PhD, reacts to the European Central Bank's (ECB) October Monetary Policy Meeting, which saw the Bank further lower interest rates, now to 3.25%. While further policy loosening was largely expected by markets in the runup to this meeting, this was not the case following the ECB's September cut. All in all, the October rate cut signals that this is a central bank that is willing to adjust policy rates if it's warranted by the economic data.
