Deutsche Bank Asset Management: Inflation in the Eurozone may decline next year, prompting the European Central Bank to further cut interest rates

ChainCatcher news, Deutsche Bank Asset Management analyst Johannes Müller stated in a webinar that the decline in inflation in the Eurozone next year should enable the European Central Bank to further cut interest rates.

The chief economist of Deutsche Bank Asset Management mentioned that the company expects the European Central Bank to cut rates five more times, once in December, and then four more times before the third quarter of 2025. Deutsche Bank Asset Management predicts that the inflation rate will drop to 2.0% in 2025, down from 2.3% in 2024. However, due to strong wage growth and inflation in service prices, core inflation may still remain elevated.