HSBC Changes ECB Call, Sees Cut Every Meeting Starting October

The European Central Bank will start cutting interest rates at every meeting between October and April, according to economists at HSBC.

“So even if the supply side of the economy remains weak and the labour market only cools gradually, more policymakers may be persuaded that some ‘insurance’ rate cuts might be necessary,” Simon Wells and Fabio Balboni said in a note on Wednesday.