Goldman Sachs: The European Central Bank's rate hike cycle ends, expected to cut interest rates until early 2025
Goldman Sachs believes that the European Central Bank's rate hike cycle has ended. Before the first rate cut in April, the ECB will keep interest rates unchanged at 4.00%, and then is expected to lower them by 25 basis points each time until the policy rate reaches 2.25% in early 2025. However, there is still significant uncertainty about the timing of the first rate cut, with a risk bias towards June.
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