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The European Central bank should proceed cautiously with policy adjustments, according to Bundesbank President Joachim Nagel. Speaking at a panel discussion in Washington, Nagel emphasized the importance of making decisions based on new data rather than rushing into changes. He highlighted upcoming factors such as the U.S. election, Inflation figures, economic projections, and various indicators that will influence the ECB’s decision-making process in December.

Market expectations currently point towards a 25 basis point rate cut next month, with the possibility of a larger 50 basis point reduction also being considered. This outlook follows recent dovish remarks by ECB officials, indicating a potential shift towards more accommodative monetary policy.

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