(Reuters) – Goldman Sachs announced on Friday that it now expects a first cut in key rates from the European Central Bank (ECB) in the second quarter of 2024, compared to a previous forecast in the third quarter.
The ECB, which raised its deposit rate to the record level of 4.0% following ten consecutive increases, forecasts a slight increase in inflation in the coming months before a decline towards the 2% target at second half of 2025.
(Reporting Subhadeep Chakravarty; French version Claude Chendjou, editing by Zhifan Liu)
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