Posted 4/8/2024, 10:54:50 AM
ECB Mulls Additional Rate Cut in July to Boost Inflation
- ECB interest rate setters debating whether to cut rates again in July after expected June cut
- Some officials like Greece's Stournaras explicitly favoring back-to-back cuts before August break
- Decision will hinge on how quickly inflation continues to decline toward 2% target
- Wage growth remains a concern, but survey shows firms expect pay growth to slow
- Return of trust in ECB forecasts makes them more important in deciding pace of cuts
