June ECB rate cut a done deal, majority expects cuts in Sept, Dec too : Reuters poll
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All 82 economists polled by Reuters predict a European Central Bank (ECB) interest rate cut on June 6, with a majority also expecting two further reductions in September and December. However, financial markets are only pricing in two rate cuts for 2024, compared to the six expected at the start of the year. The discrepancy between economic forecasters and traders is due to uncertainty over how fast the ECB can lower rates, despite signs of encouraging inflation and wage growth. The ECB has hinted at a June rate cut, but debate over the extent of future cuts has intensified. The majority of economists surveyed expect three rate cuts in total for 2024, with the deposit rate predicted to reach 2.50%. However, some economists have scaled back their rate cut predictions, and only 22% expect the deposit rate to be at 3.00% or lower by the end of 2024. The ECB's decision will be influenced by wage growth, which is expected to remain above 3% until at least 2026. Inflation is predicted to rise to 2.5% in May and is not expected to reach the ECB's target until Q3 2025. The euro zone economy is forecasted to grow by 0.3% this quarter and next, with an average growth rate of 0.7% for the year.

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https://www.investing.com/news/economy-news/june-ecb-rate-cut-a-done-deal-majority-expects-cuts-in-sept-dec-too--reuters-poll-3460275