Investment bank: The ECB's pace of rate cuts may be slower than market expectations and may be cut quarterly

Odaily Odaily News: Strategists from Barclays and Danske Bank said the ECB may cut interest rates more slowly than the market expects. Strategists said the ECB may cut interest rates on a quarterly basis rather than at every meeting from December to June. Danske Bank said the ECB will target sticky inflation, while Barclays believes the ECB may choose a lower final interest rate to be achieved through a more stable period of easing. "The market may once again consider more seriously the possibility that the ECB will only choose quarterly rate cuts next year," wrote Rohan Khanna, head of euro interest rate strategy at Barclays. Danske Bank chief strategist Piet Christiansen pointed out that high wages have led to increased domestic inflationary pressures, which is why policymakers only cut interest rates once a quarter. The bank expects the ECB to cut interest rates by 25 basis points each quarter until September next year. (Jinshi)