ECB Moving Toward Rate Cuts as Inflation Fight Shows Progress

• ECB increasingly confident it is winning fight against inflation, making June rate cut likely • First rate cut could come during June meeting, more cuts expected by end of year • June cut should be followed by more gradual cuts based on economic data • ECB lifted rates to 4% to combat inflation, less than 5.5% rates in the US
• ECB will not return to ultra low or negative interest rates of 2015-2022 period