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ECB should be very cautious about post-June rate cuts, de Guindos says | Hellenic Shipping News Worldwide
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Nifty sees modest gain, Sensex inches higher; Market sentiment remains cautious amid global developments
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In an interview with Le Monde, ECB Vice President Luis de Guindos indicated barring any surprises, a June rate cut is a "fait accompli." "If things move in the same direction as they have in recent weeks, we will loosen our restrictive monetary policy stance in June," he said.
FRANKFURT (Reuters) - The European Central Bank will cut interest rates in June but needs to be very cautious about subsequent moves and take into account signals from the U.S. Federal Reserves, ECB Vice President Luis de Guindos said in a newspape.
The EUR/USD price analysis leans bullish as the euro gains ground on upbeat PMI data. Despite this, focus remains on ECB's rate cuts.
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