Bank of America: ECB rate expected to drop to 1.5% by September
a survey of American bank credit investors showed that investment-grade credit investors expect the European Central Bank to lower interest rates slightly less than high-yield credit investors. The survey found that as many as 41% of investment-grade credit investors expect the European Central Bank's deposit rate to end at 2%, while 37% of high-yield credit investors expect it to end at 1.75%. Analysts at Bank of America expect the deposit rate to drop to a low of 1.5% by September. The European Central Bank's deposit rate is currently at 2.75%.
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