ECB tipped to cut interest rates four times this year

Economists also expect more cuts next year to bring deposit rate down to 2.25% by end of 2025 from 4% at present, according to the Bloomberg survey

The European Central Bank meets in Frankfurt next week for its first monetary meeting of 2023.

The European Central Bank will cut interest rates a quarter point four times this year, and three more times next year, to bring the deposit rate down to 2.25% by the end of 2025, from 4% at the moment, a major survey of economists has found. 

No changes are expected from the ECB next week when the governing council meets in Frankfurt for its first gathering of the year, according to the Bloomberg survey.