ECB Won’t Cut in September After June Move, Danske Says

Danske Bank no longer predicts the European Central Bank will lower interest rates in September, citing sticky inflation and the strong start to 2024 by the euro-zone economy.

Policymakers will cut borrowing costs in June, as widely expected, and again in December, analysts led by Piet Christiansen said in an emailed note. Recent data mean the ECB can wait before embarking on a series of reductions, they said.