European Central Bank via flickr
Prior to this year, Morgan Stanley predicted that rates would be lowered by 25 basis points (bps) four times, while Deutsche Bank expected five reductions.
A team of economists at Deutsche Bank updated their projection with a view to a more gradual cycle of policy easing by the ECB.
Experts forecast that the ECB's main rates will reach their ceilings three quarters later than initially predicted.
The European regulator decided to leave all three of the major interest rates unchanged at the end of its meeting on April 11. It was decided to maintain the 4.5% base lending rate, the 4% deposit rate, and the 4.75% marginal lending rate.
Morgan Stanley analysts revised their forecast for the European Central Bank (ECB) following the revision of their colleagues from the U.S. division of the investment bank estimates regarding the pace of rate cuts by the Federal Reserve System (the Fed).
source: ft.com
A team of economists at Deutsche Bank updated their projection with a view to a more gradual cycle of policy easing by the ECB.
Experts forecast that the ECB's main rates will reach their ceilings three quarters later than initially predicted.
The European regulator decided to leave all three of the major interest rates unchanged at the end of its meeting on April 11. It was decided to maintain the 4.5% base lending rate, the 4% deposit rate, and the 4.75% marginal lending rate.
Morgan Stanley analysts revised their forecast for the European Central Bank (ECB) following the revision of their colleagues from the U.S. division of the investment bank estimates regarding the pace of rate cuts by the Federal Reserve System (the Fed).
source: ft.com