ECB’s Lane Says Way Is Clear for Rate Cuts, With Inflation and Wage Rises on Downward Trend

The European Central Bank has signalled that it is likely to cut its key interest rate June 6, moving before the U.S. Federal Reserve. But policymakers have been much less clear on the likely path of interest rates during the remainder of 2024.

The eurozone’s inflation rate and the pace of wage rises are slowing gradually, paving the way for possible rate cuts after a first reduction in borrowing costs next month, the ECB’s chief economist said in an interview published Monday.

Source: WSJ