ECB Lowers Deposit Rate In June Meeting, Commencing A Cautious Easing Cycle
Country Risk / Spain / Thu 06 Jun, 2024
Key View
- In line with expectations, the European Central Bank (ECB) lowered its deposit rate from 4.00% to 3.75% during its June 6 policy meeting.
- We expect that the ECB will keep the deposit rate unchanged in its next policy decision on July 18, and forecast that it will cut it by only a further 50 basis points to 3.25% by the end of 2024.
- We