Central Banks
ECB to Cut Faster in Bid to Revive Flagging Economy, Poll Shows
- Deposit rate seen reaching 2% in June after successive cuts
- About 65% expect expansionary rate settings by end-2025
The headquarters of the European Central Bank (ECB) in Frankfurt.
Photographer: Alex Kraus/Bloomberg
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The European Central Bank will cut interest rates more rapidly than previously envisaged to perk up an economy facing weaker growth and inflation, a Bloomberg survey showed.
Respondents predict a quarter-point reduction next week and at every policy meeting through June — taking the deposit rate to 2%. Earlier, they only saw that level being reached a year from now.