ECB will cut in June and 'won't wait for the Fed to cut interest rates first'

ECB president Christine Lagarde may even state its intention to cut rates in June at its meeting next Thursday, economist says

Christine Lagarde, president of the European Central Bank, which meets next Thursday.

It is no secret most European Central Bank policymakers think they will be in a position to start cutting interest rates in June, and will not wait for its counterpart in the US, a leading economics consultancy has said. 

Jack Allen-Reynolds, deputy chief eurozone economist at Capital Economics, said ECB president Christine Lagarde may even state its intention to cut rates in June at its meeting next Thursday, even if the US Federal Reserve holds back from cutting interest rates in the early summer for its own reasons.