Barclays: European Central Bank may choose to cut interest rates in December

According to Golden Finance, Barclays currently believes that the European Central Bank may choose to cut interest rates once in December instead of the previously predicted September rate cut. Economist Mariano Sina of the bank said that this correction takes into account the weak economic activity in the second half of the year, which is caused by the continued drag of trade policies and the impact of earlier early imports by the United States. Barclays expects that signals of trade headwinds will become clearer by December, and concerns about the impact of supply chain disruptions on inflation will also decrease. In addition, confidence in the 2026 fiscal plan not reigniting inflationary pressures may increase and support a 25 basis point interest rate cut. Barclays predicts that by 2026, the European Central Bank's terminal deposit rate will remain at 1.75%. (Golden Ten)