ECB to start rate cuts but sticky inflation clouds path ahead

Legit | 03-06-2024 02:32pm | 2 likes

The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle. The central bank will also release its own updated forecasts for growth and inflation on Thursday, which will feed into rate-setters' debate about their next move.

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