AMSTERDAM (Reuters) – The European Central Financial institution (ECB) is more likely to proceed to chop rates of interest at the least by means of the primary half of 2025, to a degree between 2% and three%, Dutch ECB governing council member Klaas Knot mentioned on Tuesday.
“I might count on us to proceed to regularly scale back rates of interest within the coming time, additionally within the first half of 2025,” Knot mentioned in an interview with Dutch TV programme Nieuwsuur.
“I do not count on charges to return to the extraordinarily low ranges we noticed earlier than the pandemic. They are going to probably find yourself on a considerably extra pure degree. I do not know the place precisely, however someplace beginning with a 2,” he added.
The ECB lowered its deposit price by 25 foundation factors to three.50% earlier this month, following up on an identical reduce in June.
