Central Banks
ECB Seen Preserving Peak Rates Until Second Half of Next Year
- First cut seen in September, compared with March previously
- Inflation still seen averaging 2.1% in 2025, close to target
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The European Central Bank won’t lower interest rates until September 2024, according to a new poll of economists — suggesting the message from policymakers that cuts won’t come soon is sinking in.
The result of the latest Bloomberg survey is a departure from the previous round, when respondents still saw borrowing costs being lowered in March. Another reduction is foreseen in October.