The Danske Bank Research Department revised its forecast for the ECB's interest rate path. Earlier, ECB President Lagarde said at a press conference on Thursday that the interest rate cut cycle may be coming to an end. Assistant analyst Emily Herb said that the bank has canceled the expectation that the ECB will cut interest rates in July and is now setting the final interest rate cut for September. This will bring the ECB's deposit interest rate to 1.75%, compared to the bank's previous forecast of 1.50%.

The Danske Bank Research Department revised its forecast for the ECB's interest rate path. Earlier, ECB President Lagarde said at a press conference on Thursday that the interest rate cut cycle may be coming to an end. Assistant analyst Emily Herb said that the bank has canceled the expectation that the ECB will cut interest rates in July and is now setting the final interest rate cut for September. This will bring the ECB's deposit interest rate to 1.75%, compared to the bank's previous forecast of 1.50%.