ECB sources: Handful of policymakers had been initially in favor of fifty bps reduce

• Some argued that ECB is overestimating growth next year, which could be below 1% under Trump tariffs
• Policymakers have little appetite for rushing policy amid uncertainty

The 2025 GDP forecast released today was +1.1%, down from 1.3% previously. That’s hardly inspiring in either scenario.

This article was written by Adam Button at www.forexlive.com.