‘Plausible’ June rate cut as European equities hit record highs

According to Euronews, the latest minutes from the European Central Bank meeting indicated a rising chance for easing monetary policy in June. While a majority support maintaining current rates.

The monetary policy accounts of the latest European Central Bank’s meeting in April indicated that the Governing Council finds it “plausible” to begin easing monetary policy restrictions in the upcoming June meeting.

The April meeting minutes highlighted that markets had effectively digested the ECB’s communications, with a general preparedness for a potential rate cut in June, should incoming data support the current economic projections.

A broad consensus among the members underscored the prudence of waiting until the next monetary policy meeting. This would allow the Council to assess additional evidence and bolster confidence in a timely and sustained reversion of inflation to its target levels.

Euronews