The European Central Bank will trim its deposit rate again next week to 2.50%, according to all 82 economists polled by Reuters who expected two further cuts by the middle of this year.

In the latest macro projections, we expect the ECB to maintain its inflation forecasts but lower its GDP growth projections for this year. In December, ECB staff projected GDP growth at 1.1% for 2025 and 1.

Falling energy prices made up much of the drop, but prices of services also lost pace.

Euro zone inflation prospects improved while growth remained anaemic, fresh data showed on Friday, solidifying the case for further ECB rate cuts to stimulate an economy that has been stagnant for nearly two years.

Economists have added a big disclaimer to their view that the European Central Bank will cut interest rates three more times: Donald Trump.