ECB meeting in September 2024 – Commentary by Dr Jan Wicke

As expected, the ECB cut its key interest rates today. Dr Jan Wicke, CFO Talanx AG, comments on the interest rate decision.

Dr Jan Wicke, CFO Talanx AG, on today's ECB meeting:

Now that inflation in the Eurozone has recently approached the 2% target and the current economic indicators signal weak economic dynamics, the ECB decided correctly in my view by cutting its interest rates again and shown that it remains true to its data-dependent approach. I therefore do not expect further rate cuts until the December meeting, when the ECB will again have new data and projections.

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