ECB June rate cut likely if there are ‘no surprises’ – de Guindos
No sign yet of an oil shock but geopolitical risks are relevant, ECB vice-president says
The European Central Bank (ECB) will reduce its policy rates in June unless there are major unforeseen changes, its vice-president Luis de Guindos said on April 16.
“We have been very clear: if things move in the same direction as they have in recent weeks, we will loosen our restrictive monetary policy stance in June,” he said. “Assuming there are no surprises between now and then, as you say in French, it’s a “fait accompli,” he told French newspaper Le Monde.
De Guindos said that the ECB has
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