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ECB’s Lagarde Sees June Rate Cut With Inflation ‘Under Control’
European Central Bank President Christine Lagarde indicated that an interest-rate cut is probable next month with the rapid gain in consumer-price growth now largely contained. “It is a case that if the data that we receive reinforces the confidence level that we have — that we will deliver 2% inflation in the medium term, which is our objective, our mission, our duty — then there is a strong likelihood” of a move on June 6, she told Ireland’s RTE One in a television interview broadcast on Tuesday. “I’m really confident that we have inflation under control,” she said. “The forecast that we have for ... (full story)