When will the ECB next cut interest rates?

Quick Summary:

However, a key measure of underlying price pressure is the path of services inflation, which has remained particularly sticky at 5.7 per cent in May.

They also forecast earnings growth will slow to an annual rate of 5.7 per cent in the three months to May, down from 5.9 per cent in the previous period.

Markets are betting on another rate cut in September, pricing in a roughly 85 per cent chance of the ECB reducing its benchmark deposit rate by 0.25 percentage points to 3.5 per cent.

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Article Details

Author / Journalist: Valentina Romei

Category: MarketsFinanceInvesting

Markets: United States

Topics: September Markets Cent Rate Inflation Rates Services Forecast Retail Data Sales

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-14 @ 11:00:35 (2 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 889 words

Reading Time: 5 minutes read

Sentences: 32 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21609387

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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