ECB Signals Possible Summer Rate Cut But Urges Patience on Policy Easing
• ECB President Lagarde says an interest rate cut is likely this summer • Lagarde wants to temper expectations of aggressive rate cuts despite market bets • Most policymakers want to wait for more data before easing policy • Dutch central bank chief Knot says markets are getting ahead of themselves • Other policymakers echo need for patience on rate cuts, guided by incoming data