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ECB rate cutsCNBC
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85% Informative
The European Central Bank is on course to deliver its third interest rate cut of the year at its meeting this Thursday .
Economists do not expect the ECB to change its guidance this week , but also do not see President Christine Lagarde correcting expectations for more rapid rate cuts.
Headline price rises in the euro area cooled to 1.8% in September , below the central bank's 2% target.
Core inflation, which strips out the more volatile components of energy, food, alcohol and tobacco, hit a two -and-a-half year low of 2.7% .
The ECB may have to lower its growth outlook for 2024 even further when it releases new staff projections in December .
But Schmieding warns that the central bank currently runs the risk of overreacting and easing monetary policy to far and too fast.
" Next year , inflation should not be a major issue... However, this will not hold for 2026 and 2027 , in our view," he said.
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