ECB’s Nagel: June cut increasingly likely, but no automatism afterwards

In a webcast today, ECB Governing Council member Joachim Nagel indicated that the chance is increasing for a first rate cut “before the summer break” in August. However, he cautioned that afterwards, ECB will maintain a data-dependent approach and policy loosening wouldn’t be on autopilot. “I do not see that there is a kind of […]

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