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ECB’s Makhlouf backs June interest rate cut
The European Central Bank should be able to cut interest rates in June, policymaker Gabriel Makhlouf said today.

LONDON, March 15 — The European Central Bank should be able to cut interest rates in June, policymaker Gabriel Makhlouf said today.

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"My current view is that the picture should be sufficiently clearer when the Governing Council meets in June (as we will have a lot more information — particularly on wage dynamics — available in our deliberations) to give us sufficient confidence to make monetary less restrictive,” he said in a blog post on the Irish central bank website. — Reuters

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