ECB June Rate Cut ‘Most Likely’ If Outlook Holds, Elderson Says

The European Central Bank will “most likely” lower borrowing costs when it meets in June — should the outlook for consumer prices be confirmed by fresh quarterly forecasts, Executive Board member Frank Elderson said.

“This is a projection meeting so we will look at projections,” he told Bloomberg in Rome on Friday. “If these projections were to solidify the confidence levels that we see today, I think that we will most likely take a step.”