The Business Times

Goldman Sachs now expects ECB’s first rate cut in Q2 2024

    • The ECB raised its deposit rate to a record high 4 per cent via ten straight moves ending in September.
    • The ECB raised its deposit rate to a record high 4 per cent via ten straight moves ending in September. PHOTO: AFP
    Published Fri, Dec 1, 2023 · 01:24 PM

    GOLDMAN Sachs on Friday said it now expects the European Central Bank (ECB) to deliver its first interest rate cut in the second quarter of 2024, compared to an earlier forecast of a cut in the third quarter of next year.

    The ECB raised its deposit rate to a record high 4 per cent via ten straight moves ending in September and sees inflation inching up in the coming months before coming back to its target in the second half of 2025. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Goldman SachsECBInterest rates

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More