evo malo za bankare:
Good morning. We have an exclusive interview with the European Central Bank’s chief economist to start the week.
Philip Lane has given a clear signal that the ECB will cut interest rates from their historic highs next week, brushing off fears that doing so before the US Federal Reserve could backfire.
Lane told the Financial Times ahead of the bank’s landmark meeting on June 6: “Barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction.”
The ECB now looks almost certain to be one of the first major central banks to cut rates, having been criticised for being one of the last to raise them after the biggest inflation surge for a generation three years ago.
Investors are betting heavily that the ECB will lower its benchmark deposit rate by a quarter percentage point from its record high of 4 per cent after Eurozone inflation fell close to the bank’s 2 per cent target.