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ECB policymakers open to start discussing future rate cuts in March if data points to inflation hitting 2% this year - sources
ECB POLICYMAKERS OPEN TO START DISCUSSING FUTURE RATE CUTS IN MARCH IF DATA POINTS TO INFLATION HITTING 2% THIS YEAR - SOURCES.
— FinancialJuice (@financialjuice) January 25, 2024
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ECB POLICYMAKERS SAY MARCH PIVOT WOULD PAVE WAY FOR RATE CUT MOST LIKELY IN JUNE - SOURCES.
— FinancialJuice (@financialjuice) January 25, 2024
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ECB open to March pivot, possible June cut if data allow -sources
European Central Bank policymakers are open to a change in their rhetoric at their next meeting, paving the way for an interest rate cut possibly in June, if upcoming data confirms inflation has been vanquished, four sources told Reuters. The ECB kept interest rates unchanged at a record-high 4% on Thursday and gave no hint that it is even contemplating a start to easing. But policymakers know that the time to start discussing a first rate cut is approaching, provided that inflation and wage data confirm that price growth is already heading to the ECB's 2% goal this year, the sources close to the matter said. That ... (full story)