TechFlow, April 9 — According to Jinshi Data, Barclays economists said in a report that the European Central Bank (ECB) may cut its policy interest rate by 25 basis points on April 17, lowering the deposit rate to 2.25%. They stated that this anticipated decision would be justified as inflation continues to slow toward the ECB's 2% medium-term target and downside risks to economic growth are materializing. They added that the ECB is likely to continue describing inflation outlook risks as balanced, maintaining a cautious stance, avoiding providing policy guidance for future decisions, and sticking to a meeting-by-meeting approach. Barclays expects the ECB to cut rates by 25 basis points at every meeting through October, bringing the deposit rate down to 1.25%.
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