European Central Bank to cut by 25bp in June, September, October and December 2024

<p>Via a Bloomberg (gated) survey of analyst expectations for the European Central Bank's depo rate this year. </p><ul><li>economists surveyed see a 25bp rate cut in June, September, October and December</li><li> bringing the deposit rate to 3%</li><li>the December 2023 survey had 3 rate cuts expected </li><li>meanwhile market pricing is showing around 6 cuts priced in, beginning in April</li></ul><p>While that’s one more move than expected in last month’s survey, it’s still more conservative than the six, starting April, that investors are pricing.
</p><p>—</p><p>Some ECB officials are pushing back:</p><ul><li><a href="https://www.forexlive.com/centralbank/ecbs-holzmann-says-should-not-count-on-rate-cuts-at-all-this-year-20240115/" target="_blank" rel="follow" data-article-link="true">ECB's Holzmann says should not count on rate cuts at all this year</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-nagel-it-is-too-early-to-talk-about-rate-cuts-20240115/" target="_blank" rel="follow" data-article-link="true">ECB's Nagel: It is too early to talk about rate cuts</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.