Central Banks
ECB Officials Consider If Only One More Cut Feasible in 2024
- Policymakers are becoming less confident on two moves
- Lagarde said September meeting outcome is still ‘wide open’
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European Central Bank policymakers are increasingly wondering if they may only be able to cut interest rates once more this year, according to people familiar with the matter.
With inflation pressures still lingering, officials are becoming less confident that a path for two further reductions is realistic, and don’t want investors to assume that a move in September is a done deal, said the people, who declined to be identified because deliberations are private.