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Analysts anticipate more interest rate cuts with ECB expected to start ‘dialling back’

Some of them predict 50 basis points of reductions for the rest of the year

Chong Xin Wei

Chong Xin Wei

Published Fri, Jun 7, 2024 · 05:12 PM
    • The ECB lowered its interest rates for the first time since 2019 on Jun 6, signalling a shift away from its aggressive policy to put an end to a surge in inflation.
    • The ECB lowered its interest rates for the first time since 2019 on Jun 6, signalling a shift away from its aggressive policy to put an end to a surge in inflation. PHOTO: REUTERS

    WHILE the latest interest rate cuts by the European Central Bank (ECB) came largely in line with market expectations, analysts anticipate further reductions in the year ahead.

    The ECB lowered its interest rates for the first time since 2019 on Thursday (Jun 6), signalling a shift away from its aggressive policy to put an end to a surge in inflation.

    Officials shaved their three key interest rates, which apply across all 20 countries that use the euro, by a quarter-point to 3.75 per cent.

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