In a significant recalibration, Barclays has revised its expectations for the European Central Bank's rate strategy, anticipating that interest rates will remain steady at 2% during the December meeting. Initially foreseeing a quarter-point cut, the brokerage firm has adjusted its outlook following the ECB's decision to keep rates unchanged for the third consecutive meeting.

According to Barclays, the central bank's latest statement suggests a stable policy environment as economic risks in the euro zone recede, and resilience becomes the narrative. The ECB considers its current stance to be in a 'good place' amidst ongoing uncertainties.

The British brokerage now projects the ECB to maintain steady interest rates through the end of 2026, emphasizing the institution's lack of firm convict

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