ECB expected to cut rates by 25 bps next week - poll ...Middle East

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ECB expected to cut rates by 25 bps next week - poll
source : forex live ( Middle East ) () 55
73 of 75 economists predict a 25 bps rate cut for DecemberThe remaining 2 economists predict a 50 bps rate cut instead51 of 67 economists expected deposit rate to be at 2% or lower by the end of 2025For some context, the current deposit rate is at 3.25%. So, to expect rates of at least 2% or lower means that majority of the economists polled are expecting the ECB to cut rates by at least four times next year. Looking out to June next year, markets are pricing in ~134 bps of rate cuts already (including the upcoming December decision).From the poll: This article was written by Justin Low at www.forexlive.com.

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