06:50 AM EDT, 09/26/2024 (MT Newswires) -- Deutsche Bank said it's updating its European Central bank rate cuts call.

The bank had been expecting the ECB to follow a gradual normalization of monetary policy with 25bps rate cuts once per quarter until a terminal rate of 2.00%-2.50% is reached around end-2025, in line with Deutsche Bank's view of neutral.

The bank is moving to a faster normalization call, with the ECB reaching the same terminal rate of 2.00%-2.50% six months earlier in mid-2025.

Deutsche Bank estimates this more rapid easing cycle to be achieved with back-to-back 25bps cuts from December, but it doesn't rule out a 50bps cut in December.