ECB Can Afford to Wait Until December to Make Final Rate Cut, Survey Shows

The European Central Bank can delay its final interest-rate cut until December without investors concluding in the meantime that easing is over, a Bloomberg survey of economists showed.

A majority continues to expect the last quarter-point reduction in the deposit rate, to 1.75%, will come in September after a pause next week. At the same time, half of respondents think the ECB can sit out three meetings before traders assume borrowing costs are at their floor. That’s longer than before, due to uncertainty over trade.