Central Banks
ECB Is Set to Begin Cuts But Path Beyond Gets Murkier
- Analysts see deposit rate being reduced by 25 bps to 3.75%
- Investors have been paring easing bets following hot data
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The European Central Bank is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on the economy.
After being held at a peak of 4% for nine months, analysts polled by Bloomberg almost unanimously predict that the deposit rate will be reduced by a quarter-point to 3.75% on Thursday — a step ECB officials have widely telegraphed in recent weeks.