The European Central Bank (ECB) is on the brink of implementing an interest rate cut next week, following significant signals from key officials. Olli Rehn, a member of the ECB's Governing Council and the head of Finland's central bank, emphasized the sustained decline in inflation within the euro area, suggesting that conditions are favorable for easing monetary policy.
"Thanks to this disinflationary process . the time is thus ripe in June to ease the monetary policy stance and start cutting rates," the ECB's Olli Rehn said.