ECB Is Seen Delaying Final Rate Cut of the Cycle Until December

European Central Bank officials will wait until December to deliver their next interest-rate cut in what is likely to be the final move in the cycle, a Bloomberg survey showed.

Economists pushed back expectations for another reduction in borrowing costs by three months, compared to a survey conducted in July. With the deposit rate then landing at 1.75%, they see it remaining there for nine to 10 months before a pickup in demand forces them to reverse course.