Bank of America: Expects the European Central Bank's interest rate to drop to 1.5% by September

ChainCatcher news, a Bank of America credit investor survey shows that investment-grade credit investors expect the European Central Bank's rate cut to be slightly lower than that of high-yield credit investors.

The survey indicates that up to 41% of investment-grade credit investors expect the European Central Bank's deposit rate terminal value to be 2%, while 37% of high-yield credit investors expect the terminal value to be 1.75%. Bank of America analysts expect the deposit rate to drop to a low of 1.5% by September. The current deposit rate of the European Central Bank is 2.75%.