Citigroup has postponed the expected time for the European Central Bank to cut interest rates, and now expects a rate cut in September

According to a report by Golden Finance, Citigroup expects the European Central Bank to keep interest rates unchanged this month and cut rates in September, previously expected to do so at next week's meeting. Citigroup strategists stated in the report that they continue to predict that the European Central Bank will cut interest rates twice more this year, but the timing has been adjusted to September and December instead of the previously expected July and September. LSEG data shows that the probability of a rate cut before December in the Eurozone currency market is currently low. (Golden Ten)