Report comes as investors look toward rate cuts beyond June
President of the European Central Bank Christine Lagarde is likely to announce a cut in interest rates next week. Photograph: KIRILL KUDRYAVTSEV/AFP via Getty ImagesInflation expectations of consumers in the euro zone edged lower in April, according to the European Central Bank – reinforcing plans to start lowering interest rates next week.
The gauge for three years also fell to 2.4 per cent from 2.5 per cent, having been at that level for four months. On Monday, France’s Francois Villeroy de Galhau said the ECB shouldn’t exclude cutting rates in both June and July, though hawkish policymakers including Executive Board member Isabel Schnabel recently came out in opposition to back-to-back moves.
Last week, the ECB reported that a key measure of euro-area wages failed to slow at the start of 2024. Policymakers have zeroed in on wages, company profits and productivity to judge the disinflationary trend.
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