Consulting firm Baker Tilly economic adviser Joe Nellis wrote that the ECB looks very confident that it has won the battle to curb high inflation. After the Eurozone inflation rate fell to 1.7% in September, the ECB cut interest rates for the third time this year on Thursday. Nellis said that in addition to stagnant economic growth in Germany, Europe's largest economy, and the Eurozone as a whole, it seems to have convinced central bank policymakers that the specter of high inflation has disappeared. We can expect the ECB to cut interest rates by another 25 basis points in December.

Consulting firm Baker Tilly economic adviser Joe Nellis wrote that the ECB looks very confident that it has won the battle to curb high inflation. After the Eurozone inflation rate fell to 1.7% in September, the ECB cut interest rates for the third time this year on Thursday. Nellis said that in addition to stagnant economic growth in Germany, Europe's largest economy, and the Eurozone as a whole, it seems to have convinced central bank policymakers that the specter of high inflation has disappeared. We can expect the ECB to cut interest rates by another 25 basis points in December.