(Bloomberg) The European Central Bank is set to keep borrowing costs on hold for a third meeting while stepping up efforts to convince investors that interest-rate cuts aren’t imminent.Most Read from BloombergUpbeat Musk Can’t Soothe Tesla Investor Fears About GrowthRussia Says Ukraine Downed Plane Carrying Prisoners for SwapBoeing Halted From Further Max Production Increases by FAAHow Yemen’s Houthi Attacks Are Hurting the Global Supply ChainThe deposit rate will be left at 4%, according to
ECB to Pick Right Moment for First Rate Cut, Economists Say bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
ECB President Lagarde said it is likely the ECB could begin to cut interest rates in the summer. She emphasised however the importance of data coming in late spring, thus reiterating the views of Chief Economist Philip Lane who spoke of the need for Q1 wage data that would not be available until end of April, thus only come in time for the Governing Council meeting in June. GC member Knot also pushed back against springtime rate cuts and market pricing stating, "markets are getting ahead of themselves on cuts".
Markets today: Stocks slip as officials push back on easing bets bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.