ECB deposit rate to ‘hit 2.25 per cent by late 2025’

The European Central Bank will begin cutting interest rates from June onwards, according to a new survey of economists.

Respondents to the Bloomberg survey said forecast a slow but steady pace of rate cuts over the remainder of the year.

A first quarter-point reduction in the deposit rate — currently at a record 4 per cent — at the policy meeting following the ECB’ governing council’s upcoming session on April 11 is on the cards, ...