UBS Economics-European Economic Perspectives _European Central Bank Watch_...-108936903
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- 《UBS Economics-European Economic Perspectives _European Central Bank Watch_...-108936903.pdf》
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- 3.75%. On 1 August, we expect the BoE to deliver its first cut (-25bps to 5%) and the
- Riksbank to follow on 19 August with a 25bps cut to 3.5%. According to our forecast,
- the Riksbank would move again in September (-25bps to 3.25%), as would the ECB (25bps to 3.5%) and the SNB (-25bps to a terminal rate of 1.0%). While the SNB would
- ECB: Next cut in September; rates to fall to 3.25% by end-24, 2.25% by end-25
- 2025, bringing the depo to 3.25% by end-2024 and 2.25% by end-2025. Yet, we
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