"ECB Set for First Rate Cut Since 2019 Amid Inflation Battle"

The European Central Bank is expected to announce its first interest rate cut since 2019 at its meeting in Frankfurt, despite ongoing inflationary pressures in the euro zone. Markets have priced in a 25 basis point reduction, with further cuts anticipated later in the year. Investors are closely watching ECB President Christine Lagarde's statements and the new economic projections. This move would position the ECB ahead of the U.S. Federal Reserve in reducing rates, as other central banks like Canada, Sweden, and Switzerland have already done.