1316 GMT - The European Central Bank is likely to deliver three further interest rate cuts at upcoming meetings after Thursday's 25 basis-point reduction to rates, Goldman Sachs Asset Management strategist Simon Dangoor says in a note. As market uncertainty over U.S. tariffs continues to pose a risk to euro-area economic growth, the ECB could take its deposit rate to 1.50% this year from 2.25% currently, he says. "We are keeping a close watch on bond demand-supply conditions, where higher bond issuance and ECB quantitative tightening could open opportunities for fixed income investors." (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 09:16 ET (13:16 GMT)
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