📉 Barclays revises ECB rate cut forecast to December

Barclays now expects the ECB to cut rates in December instead of September. The change reflects weaker H2 economic activity due to trade headwinds and early U.S. imports. By December, clearer trade signals and easing inflation concerns may support a 25bps cut. Barclays sees the terminal deposit rate at 1.75% by 2026.

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