ECB's next rate cut an easy decision before choices become hard, Wunsch says

SINTRA, Portugal - The European Central Bank's next interest rate cut is still a relatively easy decision, but subsequent moves should only come once inflation is clearly heading towards the 2% target, ECB policymaker Pierre Wunsch said in an interview.

But even this second cut was not urgent, he said, and the ECB could wait until its next projections are due out in September. The ECB's deposit rate stands at 3.75% and markets are betting on about 40 basis points of cuts over the rest of the year, or between one and two moves, and also see a total of four cuts in the next 18 months.While economic growth is rebounding modestly and markets are relatively calm, a first round election victory by the far right in France complicates the picture.

ECB officials have said markets moves need to be unwarranted and disorderly for the ECB to step in, and events so far failed to meet those criteria. Liz Cheney fires back at Trump after he calls for ‘televised military tribunals’ for former congresswomanNEW YORK — Donald Trump’s lawyers on Monday asked the New York judge who presided over his hush money trial to set aside his conviction and delay his sentencing, scheduled for next week.More than 7 in 10 voters have already decided whom they will vote for in the November presidential election, according to a new poll.

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