European Central Bank president Christine Lagarde. Photo: Reuters
Bloomberg
The European Central Bank (ECB) will keep eurozone borrowing costs at 2pc through to the end of 2027, according to a survey of economists by Bloomberg, the business news service.
The prediction includes a hold in the deposit rate at next week’s monetary-policy meeting. Further action beyond that isn’t totally excluded, however: a third of survey respondents forecasts at least one more cut to add to the eight to date, while 17pc see one or more hikes by the end of next year.
source