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05.04.2024

ECB expected reducing interest rates once a quarter starting June - Bloomberg survey

Bloomberg reports its latest survey of economists found that the European Central Bank is anticipated to start cutting rates in June with a frequency of once a quarter at a 25 basis-point pace. 

The ECB's deposit rate is seen to reach 2.25% by late 2025, down from the current record level of 4.00%. 

Economists' view aligns with markets' expectations, implying 90 basis points of cuts for this year with the first rate decrease coming in June. 

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