News summary
Bundesbank President Joachim Nagel revealedrandomrouletteThe European Central Bank may reduce borrowing costs at its next meeting, suggesting that a rate cut in June is more likely.
Newsletter text
[Joachim Nagel, President of the Bundesbank, revealed that borrowing costs in the euro zone may be further reduced] On the sidelines of the recent G7 meeting, Joachim Nagel stated that if there are no major changes, the European Central Bank is expected to consider cutting interest rates at the next meeting. He further explained that although interest rate cuts may be enacted in June, it must be ensured that markets do not view this as the beginning of a series of interest rate cuts.
