ECB 'crystal clear' on June rate cut, de Guindos says

FRANKFURT - The European Central Bank has made it "crystal clear" that interest rates could be cut in June but has also been firm that policy decisions beyond that remain up in the air, ECB Vice President Luis de Guindos said on Thursday.

De Guindos repeated the ECB's most recent guidance, that inflation, at 2.4% in March, would hover near its current level over the coming months but would ease back to the ECB's 2% target next year.Markets currently see 75 basis points of cuts in the central bank's 4% deposit rate this year, or two full moves beyond June, but de Guindos declined to be drawn on where rates are likely to go, even if some policymakers have already floated the idea of a second move in July.

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