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ECB grows more confident about cutting rates, policymakers say | Hellenic Shipping News Worldwide
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ECB can cut rates and should rethink how it sets policy, Wunsch says
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ECB Can Cut Rates and Should Rethink How It Sets Policy, Wunsch Says
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The case for a European Central Bank interest rate cut in June is getting stronger as services inflation is finally starting to ease, ECB Chief Economist Philip Lane told Spanish newspaper El Confidencial on Monday. The ECB has all but promised a rate cut on June 6, provided incoming data strengthen policymakers' belief that inflation will head back to its 2% target by the middle of next year. "Both the April flash estimate for euro area inflation and the first quarter GDP number that came out improve my confidence that inflation should return to target in a timely manner," Lane told the newspaper in an interview.
ECB Rate Cut Case Getting Stronger, Says Chief Economist Lane
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