Economics
ECB Seen Priming Markets in July for Rate Cut After Summer Break
- Economists predict officials will follow through in September
- Increasing number of analysts also expect renewed bond buying
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European Central Bank policy makers will give a clear signal next week that interest rates are about to fall even further below zero, economists predict.
President Mario Draghi said last month that he’s ready to add stimulus if the economic outlook doesn’t improve. With data mixed since then, most economists tracked by Bloomberg say the Governing Council will change its policy language on July 25 to show that rates could be cut, and then act at the following session after the summer break.