European Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the institution looks increasingly likely for June, but added that certain parts of the incoming inflation data still look higher than desired. ″Talking about the June meeting, I think the probability is increasing that we will see a rate cut in June but there are still some caveats,” the chief of Germany’s Bundesbank told CNBC’s Karen Tso at the IMF Spring Meetings taking place in Washington, D.C. ″Core inflation is still high, service inflation is high. For the June meeting we will get our projections, so we will get our new ... (full story)