ECB Seen Cutting Interest Rates Once a Quarter Starting in June bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The European Central Bank will reduce interest rates next quarter, according to a Reuters poll, with 45% of respondents saying the reduction in borrowing costs would happen in June..
The European Central Bank will reduce interest rates next quarter, according to a Reuters poll, with 45% of respondents saying the reduction in borrowing costs would happen in June. The poll, which was released on Thursday, also showed the first ECB rate cut was more likely to occur earlier than expected than later. As inflation moves closer to the ECB's 2% target, the next move is almost certainly a cut, but the timing is still up for debate.
ECB Hiking Campaign Is Over but No Easing Until at Least July: Reuters Poll usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
The European Central Bank's rate hiking cycle is over, according to all 85 economists polled by Reuters, but it won't be until at least July 2024 before it begins easing as the battle against elevated inflation rattles on. In September the ECB raised its key interest rates by 25 basis points, taking the deposit rate to 4.00% and the refinancing rate to 4.50%, but signalled its 10th hike in a 14-month-long streak was likely to be its last. None of the 85 economists polled by Reuters Oct. 12-19 had another lift in their outlook, but the timing of the first cut was more uncertain.