ECB officials see December cut very likely with 2% goal nearer

European Central Bank officials reckon another interest-rate cut in December is highly likely, with inflation to settle at 2% faster than envisaged, according to people familiar with the matter.

Price gains may meet that goal in the first or second quarter of 2025 — much earlier than the ECB’s latest projections suggest — opening the door to further monetary easing, said the people, who asked not to be identified because discussions are private.