We’re about to get central bank rate cuts soon—but not from the Federal Reserve: Here’s who is expected to ease in the coming week
Fortune - 2024-06-02T23:02:11.000Z

ECB policymakers led by President Christine Lagarde have insisted they’re comfortable plowing a separate furrow from the Federal Reserve, even if that risks a weaker currency that could stoke inflation.

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New lower rates of 3.75% and 4.75% respectively are likely to be introduced this week after drops in inflationBorrowers in the eurozone and in Canada are expected to get some relief from high interest rates this week.After recent drops in inflation, the European Central Bank (ECB) and the Bank of Canada (BoC) are forecast to lower their benchmark rates in the coming days. Continue reading
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Though she did not commit to the interest rate cuts, Christine Lagarde said the ECB are confident the inflation rate will fall.
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In related news

European and Canadian central banks expected to cut interest rates this week

Federal Reserve Minutes: Policymakers See A Longer Path To Rate Cuts

'Strong likelihood' ECB will cut interest rates in the coming weeks