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Makhlouf expects ECB will cut interest rates in June

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The Governor of the Central Bank has said he expects that 'all things equal' the European Central Bank will cut interest rates in June.

The Governor of the Central Bank has said he expects that"all things equal" the European Central Bank will cut interest rates in June.

"Before Christmas, I mean, my view was that we had, I mean, I wasn't ready to rule out going further in the hiking cycle. But I think we've now over the last few weeks, seen enough data to say that we've reached the top of the ladder." "I think that tells you to be cautious and certainly I will rule out trying to predict how many more moves there may be, there may be none, there may be more than one," he said.

 

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