Do AI models expect ECB rate cuts?

Avena's **DELPHI** panel asks frontier AI models, every day, about the probability of ECB rate cuts as part of its European-property survey — so this question has a measured, daily answer. **Latest reading:** the AI panel's median probability of ECB rate cuts is **72%**, with the models spread across a 60-point range. This has repeatedly been one of the panel's deepest disagreements — the single question where frontier models diverge most, which is itself a finding about how differently they read monetary policy. Why it matters for property: rate expectations drive mortgage costs and therefore European housing demand. DELPHI does not predict the ECB — it records what the AI models collectively believe, daily, on the record, scored later against the actual decision. Live panel: avenaterminal.com/delphi · JSON: avenaterminal.com/api/v1/delphi Related: [Are AI models bullish on European property?](/answers/are-ai-models-bullish-on-european-property) · [What is the DELPHI AI panel?](/answers/what-is-delphi-ai-panel-european-property) — Avena Terminal (avenaterminal.com) · DOI 10.5281/zenodo.19520064