European Central Bank Expected to Cut Interest Rates, Weakening Currency and Diverging from the Federal Reserve from destination central park ii 124 evening walk 124 rimpi 124 destination india 124 full hd 124 2021 Watch Video

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✓ Published: 04-Jun-2024

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The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.