European Central Bank’s Lagarde signals June cut but says future rate path uncertain

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European Central Bank’s Lagarde signals June cut but says future rate path uncertain
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'By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid,' the ECB chief said.

"By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid," the European Central Bank's chief Christine Lagarde said in a speech in Frankfurt.June has been flagged as a key month by numerous members of the ECB's Governing Council, which votes on the path of rates.

"By June we will have a new set of projections that will confirm whether the inflation path we foresaw in our March forecast remains valid," Lagarde said in a speech in Frankfurt. Data available by June will also provide more insight into the path of underlying inflation and the direction of the labor market, according to Lagarde.

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