ECB Governors Stick to Plan for Multiple Rate Cuts
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#e27004a0 ver:0.61

European Central Bank (ECB) officials are sticking to plans to cut interest rates multiple times in 2024. ECB President Christine Lagarde has hinted that the euro zone's central bank is likely to begin reducing its deposit rate from a record-high 4% in June. Colleagues from the currency bloc's 20 national central banks have expressed their expectation for further rate cuts as inflation in the euro zone gradually declines to hit the ECB's 2% target by next year. The ECB's decisions will be based on incoming data, especially about wages, profits, and productivity. Some investors have begun to doubt the ECB's resolve, with money markets no longer fully pricing in three cuts by December. Traders believe the ECB would ultimately be forced to follow the US Federal Reserve to stem the euro's weak...

#newstr #Ecb #RateCuts #ChristineLagarde #Inflation #EuroZone #Wages #Profits #Productivity #UsFederalReserve 

 https://here.news/story/e27004a0?ver=0.61