ECB officials signal summer rate cut as growth outlook weakens
Multiple ECB governors indicated they are ready to support a rate cut at the June meeting if inflation continues to cool.
Multiple ECB Governing Council members signalled they are ready to support a rate cut at the June meeting, provided inflation continues to descend sustainably toward target. The dovish camp is clearly widening.
Growth indicators remain subdued while services-inflation momentum has begun to ease, raising the council's confidence. The euro fell 0.3% versus the dollar to 1.0815.
Bond markets are now pricing a more aggressive easing cycle, with German 10-year yields falling to a two-week low. Lagarde's upcoming remarks and May CPI will shape the next move.
More from Europe
BIST 100 closes at record high, banking index leads gains
Turkey's BIST 100 rose 1.8% to a new all-time high, led by bank stocks after stronger-than-expected quarterly earnings.
Turkey's central bank keeps year-end inflation forecast unchanged
The CBRT held its 2026 year-end inflation projection steady in its quarterly report, citing balanced risks.
German industrial orders beat forecasts, hinting at recovery
German factory orders rose more than expected in March, offering the first clear sign of a manufacturing rebound.