Central Banks
ECB’s Lagarde Sees June Rate Cut With Inflation ‘Under Control’
- ‘Strong likelihood’ of move next month if price path holds
- ECB president comments in TV interview with Ireland’s RTE One
Christine Lagarde
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank President Christine Lagarde indicated that an interest-rate cut is probable next month with the rapid gain in consumer-price growth now largely contained.
“It is a case that if the data that we receive reinforces the confidence level that we have — that we will deliver 2% inflation in the medium term, which is our objective, our mission, our duty — then there is a strong likelihood” of a move on June 6, she told Ireland’s RTE One in a television interview broadcast on Tuesday.