ECB ready to discuss rate cuts in June claims vice-president

The central bank governors of Spain, the Netherlands, Ireland, Greece and Slovakia have all publicly backed June rate cut.

The European Central Bank (ECB) will be in position to discuss an interest rate cut in June, vice-president Luis de Guindos said on Tuesday, joining a long list of policymakers putting the June 6 meeting on the table for a potential start of policy easing.

ECB President Christine Lagarde earlier this month said the bank was just beginning to discuss whether to dial back interest rates given a comforting fall in inflation and policymakers on both the hawkish and dovish side of the spectrum have endorsed that timeline.