Central Banks
ECB Jostling Over Back-to-Back Summer Cuts Has Already Begun
- Focus slowly shifts to possible second easing step in July
- Inflation data to be key as rate gets closer to 2% target
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European Central Bank interest-rate setters are starting to position themselves for the next debate as a first cut in June becomes increasingly certain and inflation continues to slow.
The question the members of the Governing Council eventually need to settle is whether to follow their initial foray into monetary easing with another move at their July policy meeting — or wait at least until September.