Citibank delays expectations for ECB interest rate cut and now expects it to happen in September.

Citigroup expects the European Central Bank to keep interest rates unchanged this month and to cut rates in September, previously expected to cut rates at the next week's meeting. Citigroup strategists said in a report that they continue to predict the ECB will cut rates twice this year, but the timing has been adjusted to September and December, rather than the previous expectation of July and September. LSEG data shows that the probability of a rate cut before December in the eurozone money market is currently not high.