Central Banks
ECB Seen Cutting Interest Rates Once a Quarter Starting in June
- Economists predict deposit rate will hit 2.25% at end of 2025
- Geopolitics, US elections and inflation are biggest risks
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The European Central Bank will embark in June on a steady-yet-gradual path of interest-rate cuts that’ll run at least through the end of next year, according to economists surveyed by Bloomberg.
Respondents anticipate a first quarter-point reduction in the deposit rate — currently at a record 4% — at the policy meeting following the Governing Council’s upcoming session on April 11. Similar moves will ensue once a quarter, taking the rate to 2.25% by late 2025.