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First ECB cut in June ?

May 22, 2024

An interest rate cut by the ECB in June is becoming increasingly likely. Yesterday, Christine Lagarde remarked to the press, “I’m really confident that we have inflation under control,” adding, “The forecast that we have for next year and the year after that is really getting very, very close to target, if not at target. So, I am confident that we’ve gone to a control phase.” This aligns with our view that central banks have reached the end of their rate-hiking cycle. Euro-area inflation slowed to 2.4% in April, moving closer to the ECB’s 2% target.

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