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Sources Article Suggest March Pivot Could Set Up June Cut

ECB
  • ECB POLICYMAKERS OPEN TO START DISCUSSING FUTURE RATE CUTS IN MARCH IF DATA POINTS TO INFLATION HITTING 2% THIS YEAR: SOURCES
  • ECB POLICYMAKERS SAY MARCH PIVOT WOULD PAVE WAY FOR RATE CUT MOST LIKELY IN JUNE: SOURCES - Reuters News
  • Full Reuters sources piece hitting the wires suggests that ECB policymakers are open to changing their rhetoric at the next meeting in March, which could lay the foundations for a possible interest rate cut in June. However, the article provides the usual caveat of needing the upcoming data to confirm inflationary pressures have dissipated, according to four sources speaking to Reuters.
  • The article notes policymakers know that the time to start discussing a first rate cut is approaching and that a scenario of softer inflation and wage data would set the scene for a change in tone at the ECB's March 7 meeting, when the central bank is also set to issue new economic projections, the sources said. An ECB spokesperson declined to comment on the sources' statements.
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