BREAKING: EURUSD trades lower after ECB cuts rates by 25pb 📌

01:15 PM GMT, Euro Zone - ECB Interest Rate Decision for December:

actual 3.15%; forecast 3.15%; previous 3.40%;

The ECB held rates steady, cutting the deposit rate to 3% and the main interest rate to 3.15%, in line with expectations. The ECB dropped the term "restrictive," signalling a less aggressive stance, but refrained from committing to a specific rate path.

Inflation forecasts align with the 2% target by 2026, but domestic inflation remains elevated due to delayed wage adjustments.
Growth projections are downgraded, with domestic demand expected to rebound gradually as policy effects fade.
PEPP portfolio is declining by €7.5 billion/month as reinvestments stop.
Traders maintain expectations for 127 bps of rate cuts by 2025.

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