Markets continue to cool off as rates cut twice in the final quarter of 2024.
The German market ended 2024 with another slight decrease in issued volumes QoQ, continuing the downward trend that started in Q2 of 2024. Volumes however were 22% higher YoY, following a pattern seen throughout 2024 which resulted in an unprecedented 50% increase in sales compared to 2023. Having already cut the interest rates twice in Q3, the European Central Bank decided on another two cuts at the end of 2024 which has left unscathed the state of the German market in comparison to the previ