"ECB Signals Impending Rate Cut Despite Fed Uncertainty and US Inflation Report"
TL;DR Summary
The European Central Bank (ECB) has kept interest rates at record highs but hinted at a possible cut in the near future as euro zone inflation continues to decline. The ECB's decision to maintain the deposit rate at 4.0% reflects its efforts to control prices, but with inflation nearing the 2% target and economic growth stagnating, the bank is considering a rate reduction at its next meeting. ECB President Christine Lagarde is expected to address these plans and the potential for a further cut in July at her upcoming news conference.
- ECB holds rates at record highs, signals upcoming cut Reuters
- European Central Bank gives strong signal that cuts are on the way despite Fed uncertainty CNBC
- US inflation up, likely delaying Fed rate cuts, report says The Associated Press
- E.C.B. Holds Rates Steady as Markets Look for Hints on First Cut The New York Times
- Euro, bonds lick wounds as ECB sticks to rate cut path Reuters
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