Central Banks
ECB to Cut Rates by Less as Europe Ramps Up Spending, Poll Shows
European governments have plans to significantly boost investments in defense.
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The European Central Bank will lower borrowing costs two more times, according to analysts surveyed by Bloomberg who no longer expect interest rates to go below 2%.
After six reductions so far, back-to-back cuts are still likely in April and June, the monthly poll showed. But contrary to the previous round, respondents then see the deposit rate — currently at 2.5% — staying at 2% through the end of the survey period.