Central Banks
ECB to Cut Interest Rates Four Times This Year, Survey Shows
- Economists still have more cautious view than investors
- Inflation forecast revised lower for 2024, kept stable in 2025
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The European Central Bank will lower interest rates four times this year as inflation retreats more quickly than previously anticipated, according to a Bloomberg poll of economists.
The cuts, each of 25 basis points, are expected to kick off in June, with further reductions in September, October and December bringing the deposit rate to 3%. While that’s one more move than expected in last month’s survey, it’s still more conservative than the six, starting April, that investors are pricing.