Danske Bank: Europe Central Banks interest rate cut expectation postponed to September.

Danske Bank's research department has revised its forecast for the European Central Bank's interest rate path. Previously, ECB President Lagarde said at a news conference on Thursday that the rate cut cycle may be coming to an end. Assistant analyst Emily Herbert said that the bank has now removed its expectation of a rate cut by the ECB in July, and now expects the final rate cut to occur in September. This would bring the ECB's deposit rate to 1.75%, compared to the bank's previous forecast of 1.50%.