ECB to Start Cutting Rates Even as Inflation Fight Continues

Reuters, June 6, 2024–Francesco Canepa and Balazs Koranyi
The European Central Bank is all but certain to cut interest rates from record highs on Thursday and acknowledge it has made progress in its battle against high inflation, while also stressing the fight is not yet over given sticky services prices.
ECB policymakers have clearly telegraphed their intention to lower borrowing costs after seeing inflation in the 20 countries that share the euro fall from more than 10% in late 2022 to just above their 2% target in recent months.
Click here for more