Strategists at Barclays and Danske Bank said the pace of interest rate cuts by the European Central Bank may be slower than market expectations. Strategists say the ECB may cut rates quarterly rather than every meeting from December to June. Danske Bank said the ECB would target sticky inflation, while Barclays believes the ECB may opt for lower final interest rates through a more stable period of easing. "The market may once again look more seriously at the possibility of the ECB opting for only quarterly rate cuts next year," wrote Rohan Khanna, head of euro rates strategy at Barclays. Piet Christiansen, chief strategist at Danske Bank, pointed to higher domestic inflationary pressures due to high wages as the reason why policymakers cut rates only once a quarter. The bank expects the ECB to cut rates quarterly by 25 basis points until September next year.