ECB Governors Stick to Plan for Multiple Rate Cuts Despite Global Headwinds
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#e27004a0 ver:0.62

European Central Bank (ECB) officials are sticking to plans to cut interest rates multiple times in 2024, despite global headwinds. ECB President Christine Lagarde has strongly hinted that the euro zone's central bank is still 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 latest developments in the Middle East and the United States were generally seen as a reason for greater caution but did not fundamentally change the picture in the euro zone. Some investors have begun to doubt the ECB's resolve, with money markets no longer fully pricing in three cuts by...

#newstr #Ecb #InterestRates #Inflation #FederalReserve #MiddleEast #OilPrices #EuroZone 

 https://here.news/story/e27004a0?ver=0.62