ECB won’t cut interest rates until September 2024 – poll

Another reduction is foreseen in October

Interest rates are expected to be cut in September 2024

It will be September 2024 before the European Central Bank lowers interest rates, according to a new poll of economists — suggesting the message from policymakers that cuts won’t come soon is sinking in.

The result of the latest Bloomberg survey is a departure from the previous round, when respondents still saw borrowing costs being lowered in March. Another reduction is foreseen in October.

The survey chimes with comments from ECB officials who spoke on ...