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Economic news
13.08.2024

Economists reportedly continue to expect two more rate cuts from ECB this year

Reuters reported its latest survey revealed that an 81%-majority of economists it polled between August 8 and 13 expect the European Central Bank to decrease its interest rates two more times this year.

According to Reuters, 66 of 81 polled forecast two additional 25-basis-point-rate cuts to come at the ECB's policy meetings in September and December. These steps would take the central bank's deposit rate to 3.25%. In the agency's July poll, 69 of 85 economists polled, or 81%, predicted two more reductions.

Meanwhile, five economists, or 6% of all polled, anticipated only one additional cut this year and eight (10%) see three.

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