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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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Institution: The European Central Bank appears confident in fighting inflation
On October 17th, Jinshi Data reported that Joe Nellis, an economic advisor at consulting firm Baker Tilly, wrote that the European Central Bank seems very confident and has achieved victory in the battle against high inflation. After the eurozone inflation rate dropped to 1.7% in September, the European Central Bank conducted its third interest rate cut of the year on Thursday. Nellis said that with the economic stagnation in Germany, the largest economy in Europe, and the entire eurozone, it seems to have convinced policymakers at the Central Bank that the specter of high inflation has disappeared. We can expect the European Central Bank to cut interest rates by 25 basis points again in December.