0622 GMT - BlackRock Investment Institute shares the market's view about the European Central Bank's rate path towards a 2% deposit rate, and expects a quarterly move to that level, says Roelof Salomons in a note. "Like us, markets now expect the ECB to cut rates to 2%," the chief investment strategist for the Netherlands says. In terms of pace to get there, BlackRock Investment Institute sees higher chances of the ECB slowing from a meeting-by-meeting pace to a quarterly one, he says. The ECB cut interest rates by 25 basis points on Thursday, bringing the deposit rate to 2.50%. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
March 07, 2025 01:22 ET (06:22 GMT)
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