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theledger.com/markets/ecb-december

Markets

ECB will cut rates before December, say a growing chorus of economists

By E. Laurent in Frankfurt · September 1, 2026

Three of the five largest banks in the eurozone now say publicly what their desks have said privately since July: the ECB will cut its deposit rate before December’s meeting The bank’s own guidance has softened, and the September projections are widely expected to revise inflation lower.

Will the ECB cut its deposit rate before the 17 December 2026 meeting?

Calls close 16 Dec 13:00 · resolves 17 Dec 14:45 · ECB press release

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The doves have data on their side, and the bank has been burned before by cutting into an inflation rebound. Whether the Governing Council agrees is, for once, a question with a date attached.

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