ECB holds rates as Lagarde hints at possible June change

Some governing council members wanted rate cut now, says ECB president

Christine Lagarde
ECB president Christine Lagarde
Photo: IMF/Cliff Owen

The European Central Bank’s (ECB) governing council kept its monetary policy rates unchanged today (April 11), but said most data pointed to “gradually diminishing price pressures”.

ECB president Christine Lagarde said the governing council was closely watching services inflation, which is largely driven by wage levels.  But she said the ECB would not necessarily wait until services inflation was 2% before deciding to cut rates.

Lagarde told a press conference that some governing council members

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