Of the 72 Eurozone economists surveyed, around 46% believe the ECB is “behind the curve” when it comes to cutting interest rates. Meanwhile, around 43% of economists believe that the ECB is on the right track. The remaining 11% are undecided. Here are the full voting results:
It's a fair split, though I'd argue it shows concern when the scene is so wide open in the first place. If anything, it shows that a large chunk of market watchers believe that the ECB has been too slow in their approach. That comes amid a possible risk that inflation will be reduced and/or the economy will weaken much more this year.
As for when the ECB will meet the end of its rate cutting cycle, the majority of economists (~46%) expect the central bank to stop cutting rates in 2H 2025. Meanwhile, ~21% expect the ECB to stop cutting rates in Q2 2025 and ~19% expect the ECB to stop cutting rates immediately after this year.
You can check the full survey results here (can be tuned).
