"ECB Chief Economist Urges Caution on Rate Cuts, Decision Expected in June"

The European Central Bank's chief economist, Philip Lane, emphasized the need to carefully consider interest rate cuts and suggested that a clearer picture of inflationary pressures would be available in June. The ECB's March meeting indicated a downward revision of inflation forecasts, and Lane highlighted the importance of gathering more data, particularly on wages, before making any decisions. He also stressed the need for companies to accept lower profits to facilitate real income improvements for workers and address inflation concerns.