Survey: ECB will cut interest rates four times this year

However, ECB officials pour cold water on expectations for early rate cuts

ECB chief economist Philip Lane: Too early to talk about trimming borrowing costs

The European Central Bank will lower interest rates four times this year as inflation retreats more quickly than previously anticipated, according to a Bloomberg poll of economists. 

However, European shares and bonds retreated after ECB officials poured cold water on expectations for early rate cuts.