Interest Rates
ECB to hold with first rate cut locked in for June – poll
Just one of 62 economists predicted a cut to interest rates when the European Central Bank meets today
The European Central Bank (ECB) is set to keep borrowing costs at a record high of 4 per cent while further readying the ground for cuts to begin in June, according to an almost unanimous poll of economists by Bloomberg.
Just one of the 62 respondents predicted a quarter-point reduction when the ECB meets today.
While inflation has retreated to within sight of the 2 per cent target, officials aren’t quite ready to start dialling ...