ECB maintains interest rates, hints at possible future rate cuts if inflation targets are met.

From Bloomberg: 2024-04-11 09:30:00

The ECB kept rates steady and indicated a potential cut in the future if inflation targets are met. Some members were in favor of a rate cut today, with more data expected in June for a potential decision. Lagarde emphasized the focus on euro area inflation, which differs from the US. Inflation expected to fluctuate before reaching target next year. The euro rebounded after US PPI data impacted the dollar, and euro-area bonds recovered slightly.



Read more at Bloomberg: ECB Interest Rate Decision Live Updates: Lagarde Briefing, Central Bank Holds