Posted 4/11/2024, 3:11:26 PM
ECB Hints at Possible Rate Cut in June to Spur Sluggish Euro Zone Economy
- European Central Bank signals possible interest rate cut in June to boost struggling economy
- First major central bank to shift toward rate cuts as inflation declines
- ECB leaves rates unchanged for now, but Lagarde says cut possible if inflation keeps falling
- Lagarde contrasts with Fed, says ECB policy based only on euro zone, not U.S. inflation
- Rate cuts could stimulate growth after weak euro zone economy at end of 2022
