The European Central Bank (ECB) has not provided a specific timeline for lowering interest rates, leaving investors and economists uncertain about when this will happen. The ECB has been increasing interest rates since 2022 to combat inflation, but the pace of rate hikes has slowed down in recent months. There is no clear indication that rates will be cut anytime soon, although some experts predict a possible reduction in rates by mid-2024. However, the ECB’s decision-making process remains opaque, making it difficult to pinpoint an exact date for interest rate cuts.
Source: https://www.ft.com/content/113899ba-7184-4fff-9719-b7de0d735366