ECB's Knot believes June rate cut is 'realistic' - Breaking The News

ECB's Knot believes June rate cut is 'realistic'

29 April

1 min read

EPA-EFE/KIYOSHI OTA / POOL

European Central Bank (ECB) Governing Council member Klaas Knot stated on Monday that it is realistic to see a rate cut as early as June.

In an interview with Nikkei, Knot acknowledged the easing inflationary pressures within the eurozone. Moreover, he highlighted the continuous decline in wage and price pressures, suggesting that conditions aligned for the ECB to "take our foot off the brake" with an initial rate reduction next month.

This comes amid general expectations within the ECB, led by President Christine Lagarde, for a cut at the upcoming June policy meeting. However, the potential impact of ongoing geopolitical tensions and their effect on oil prices remains a concern, though Knot believes the impact on inflation will be minimal.

ecb knot

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