Central Banks
Lagarde Signals ECB Cut in June With 2% Inflation in Sight
- Remarks come after officials keep rates unchanged, as expected
- New projections show price growth at ECB’s target next year
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European Central Bank President Christine Lagarde indicated policymakers may be in a position to lower interest rates in June as fresh projections showed inflation hitting the 2% target in 2025.
Speaking after policymakers left the deposit rate at 4% for a fourth straight meeting, Lagarde said there’s a definite slowdown in consumer prices but that she and her colleagues aren’t “sufficiently confident” at present to commence monetary easing.