Bank of America: ECB rate cuts could last until 2026

Sept 11 (Reuters) - We expect the European Central Bank's rate cuts could continue until 2026 as inflation continues to be lower than expected, said Evelyn Herrmann, European economist for global research at Bank of America. The Bank of America expects the ECB to cut its deposit rate by 25 basis points on Thursday with unchanged guidance, followed by another 25 basis point cut in December and five more cuts in 2025.