The European Central Bank has decided to keep interest rates unchanged for the fifth consecutive meeting, but hints at possible rate cuts in June. The bank stated that if inflation continues to converge towards the target, it would be appropriate to reduce monetary policy restrictions.
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyPolicymakers and economists have zeroed in on June as the month when rates could start to be reduced, after the ECBJune will also be the first month when policymakers will have a full set of data on first quarter wage negotiations — an area of concern for potential inflationary effects.
In comments reported by Reuters, Sweden's central bank Deputy Governor Per Jansson on Thursday said that if the U.S. Federal Reserve rules out rate cuts in 2024, it could present a"problem" for both the Riksbank and the ECB.
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