ECB policymakers overwhelmingly favour June for rate cut – Reuters

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Reuters, citing three sources familiar with the matter, reported on Friday that a majority of European Central Bank (ECB) policymakers are in favor of a key rate reduction in June.

According to the sources, during Thursday’s ECB meeting, some policymakers discussed the possibility of a second rate cut in July. This proposal aimed to garner support from a minority advocating for an April initiation, as revealed by the sources to Reuters.

Market reaction

This headline did not elicit a significant response in the EUR/USD pair. As of the latest update, the pair showed a marginal 0.1% increase on the day, reaching 1.0960.