ECB firmly behind June rate cut but views diverge on July
The European Central Bank in Frankfurt: Markets now see just three rate cuts from the ECB this year, most likely in June, September and December, a big retreat from two months ago
European Central Bank policymakers continued to line up behind a June interest rate cut on despite rising oil prices and a weaker euro, but they diverged on the path for rate cuts in July and beyond.
The ECB last week flagged a rate cut for June 6, but policymakers have largely avoided discussing what happens later on, partly on uncertainty over prices and partly due to risks that the US Federal Reserve, which sets the tone for the world economy, could delay its own rate cuts.
