Potential relief for borrowers as Bloomberg poll of economists suggests four interest rate cuts starting in June European Central Bank chief economist Philip Lane. Photo: Getty Images The European Central Bank is being tipped to cut interest rates by a full percentage point this year – in four steps weighted to the back end of the year, according to a Bloomberg poll of economists. However, ECB Chief Economist Philip Lane warned that overly rapid cuts could be self defeating, as policy makers continue to try to calm market expectations. A Bloomberg poll of economists suggests a round of four 25 basis points (quarter of one percent) rate cuts will kick off in June and continue in
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