Nordea: European Central Bank may cut interest rates in June
According to a report from Golden Ten, Nordea Bank stated that the European Central Bank may confirm at the interest rate resolution that it is moving towards cutting interest rates in June. While a rate cut in April is not completely out of the question, the European Central Bank is expected to signal a rate cut at its June meeting. European Central Bank President Christine Lagarde may express an openness to measures beyond June. Nordea said it would not completely close the door to a rate cut in April, especially because of the weak inflation data in March, which the European Central Bank had also surprised.
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