ECB rate cut probability increasing, Nagel says

March 23, 2024

Euro zone inflation is set to fall back to the European Central Bank’s 2% target by next year so an interest rate cut could come possibly as soon as June, Bundesbank President Joachim Nagel said today.

“The probability is increasing that we will see the first rate cut before the summer break,” Nagel told an MNI webcast.

“If I would put it into probabilities, definitely something in June has a higher probability than in April.”

Article Source – ECB rate cut probability increasing, Nagel says – RTE

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