.A note from Commerzbank about what is actually gotten out of the European Central Bank on October 17. TLDR is actually a 25bp rate cut.The experts argue that the main driver responsible for the European Central Bank's (ECB) present posture is the crash of eurozone rising cost of living expectations. Market attendees realize that this gives the ECB a sound purpose for sustaining loosened financial plan. Commerz state the ECB will definitely need to revise its forecasted rate road lower. And also, on the european, they claim that suppressed rising cost of living supports the euro through reducing the destruction of its domestic purchasing power, yet alternatively, reduced rates of interest continue to be an adverse factor. Overall, though, they wrap up that the outlook for the european seems grim. The down correction of rising cost of living expectations heightens the threat of Europe slipping back right into a state of 'lowflation,' which might urge the ECB to always keep rates of interest as reduced as achievable without trigger a selection up in rising cost of living.