Bank of America adjusted its forecast for the European Central Bank on Monday, now expecting the next interest rate cut to be in October instead of December. Bank of America states that after the rate cut in October, there will be consecutive cuts, with the deposit interest rate expected to fall to 2% by June 2025; this is one quarter earlier than previously expected. The bank also predicts that the European Central Bank will conduct quarterly interest rate cuts in September and December 2025, bringing the deposit interest rate down to 1.50%. This is consistent with the bank's previous expectation level, but six months earlier.