US inflation clouds prospects for ECB pledge to cut rates this summer

The governing council of the ECB meets on Thursday in a gathering in Frankfurt that financial markets believe will mark some sort of pivot in terms of signalling its rate-cutting intentions 

The governing council of the ECB meets on Thursday in Frankfurt.

The European Central Bank is likely to rein in its guidance or hints it will start cutting interest rates in June, as US inflation crept higher.  

The governing council of the ECB meets on Thursday in a gathering in Frankfurt that financial markets believe will mark some sort of pivot, at least in signalling its intentions, after it started out in July 2022 aggressively hiking official rates in its fight against inflation.