ECB Keeps Rates on Hold but Signals Summer Rate Cut

The European Central Bank (ECB) left all monetary policy settings unchanged, as was widely expected. The consensus forecast is for a 25bps cut by the ECB at its June 6th meeting and an additional 75bps in easing through the remainder of the year. The ECB has proclaimed it is watching inflation and wages data over the next eight weeks before beginning its easing cycle. Chief Lagarde said the ECB does not want to ‘pre-commit’ to a rate path (even after … Continue reading ECB Keeps Rates on Hold but Signals Summer Rate Cut