ECB plans rate cuts pending major shocks, monitoring oil
CNBC — April 16, 2024, 04:00 PM UTC
Summary: European Central Bank President Christine Lagarde stated the bank is set to cut interest rates soon, pending major shocks. Lagarde emphasized monitoring oil prices due to Middle East tensions but noted a moderate reaction post-Iran's attack on Israel. The ECB hinted at rate cuts in June, citing a disinflationary trend. Lagarde aims to moderate monetary policy if no major shocks occur, aligning with the ECB's goal to lower rates amid cooling inflation.
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