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MNI BRIEF: Chances Of ECB Cut Before Summer Break Rising-Nagel

(MNI) ROME

A cut is more likely in June than in April, the Bundesbank's Joachim Nagel tells an MNI Webcast.

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The probability the European Central Bank cuts interest rates before the summer break “is increasing”, with the June meeting having a higher probability than April’s, Bundesbank Governor Joachim Nagel told an MNI Webcast event on Friday.

However, he added that he sees no “kind of automatism” or clear sequence once the ECB start cutting rates and that it will continue with its data-dependent approach. The easing cycle should run at a smooth rhythm during this year and 2025.

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The probability the European Central Bank cuts interest rates before the summer break “is increasing”, with the June meeting having a higher probability than April’s, Bundesbank Governor Joachim Nagel told an MNI Webcast event on Friday.

However, he added that he sees no “kind of automatism” or clear sequence once the ECB start cutting rates and that it will continue with its data-dependent approach. The easing cycle should run at a smooth rhythm during this year and 2025.

Keep reading...Show less