Davos 2024
Lagarde Says It’s Likely ECB Will Cut Rates in Summer
- Lagarde speaks at Bloomberg House in Davos before quiet period
- Policymakers have been pushing back against market wagers
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The European Central Bank is likely to cut interest rates in the summer, according to President Christine Lagarde.
Interviewed at Bloomberg House in Davos by Francine Lacqua, she was asked if there could be majority support for such a move, given that several policymakers have signaled that timing.