ECB Set to Cut Interest Rates Starting June Amid Disinflation

ECB officials confirm rate reductions to ease monetary policy, with initial cuts planned for June following a slowdown in inflation.

ECB President Christine Lagarde and Governing Council member Francois Villeroy de Galhau indicate a series of rate cuts beginning in June, driven by a disinflationary trend.
Lagarde emphasizes the need for further confidence in the disinflation process, with potential adjustments depending on economic shocks.
Villeroy outlines a strategy of 'pragmatic and agile gradualism' for future rate adjustments, ensuring flexibility in response to economic data.
Potential risks to ECB's plans include geopolitical tensions and commodity price fluctuations, particularly oil.
ECB's approach aims to bring inflation back to its 2% target, with careful monitoring of wage trends and service sector inflation.