Central Banks
Lagarde Says ECB Can’t Commit to Cuts After Likely June Move
- ECB president affirms likelihood of first cut in three months
- Debate is shifting to how quickly policy can be loosened
This article is for subscribers only.
The European Central Bank can’t commit to further reductions in borrowing costs after a likely first move in June, according to President Christine Lagarde.
In a speech Wednesday, Lagarde reiterated that “when it comes to the data that is relevant for our policy decisions, we will know a bit more by April and a lot more by June.” Beyond that, the monetary-policy path is unclear.