ECB interest rate cut in June, Kazakhstan calls for caution in subsequent decisions

ECB Governing Council Member Martins Hazzaks stressed that the pace of interest rate cuts in the Eurozone should keep pace with the gradual slowing of inflation.

Zhitong Finance04:28 ET

ECB's Kazaks Warns Against Hasty Interest-Rate Cuts After June

The pace of European Central Bank interest-rate cuts must match the gradual slowdown of euro-area inflation, according to Governing Council member Martins Kazaks.

BNN Bloomberg03:25 ET

Fitch Maintains Spain's Rating, Stable Outlook Amid Resilient Economy

Fitch on May 17 affirmed Spain's A- long-term foreign-currency issuer default rating, with a stable outlook, citing the country's economic resilience and an improving labor market.

MT Newswires01:47 ET

Investment banks have different opinions on whether or not the Bank of Canada will cut interest rates in June. The market is likely to predict 40%!

Forecasters expect that this week's data will show Canada's CPI decline in April, but financial markets are still uncertain whether the Bank of Canada will cut interest rates in June. The Bank of Montreal said that the Bank of Canada may need to see lower levels of inflation to persuade it to cut interest rates in June. The financial market currently believes that the possibility that the Bank of Canada will cut interest rates in June is about 40%. Meanwhile, some economists insist that interest rates will be cut in June, such as the Royal Bank of Canada.

FX678 Finance01:09 ET

Nomura's updated forecast: The Bank of Europe will cut interest rates in June and will not cut interest rates in July!

Nomura Securities adjusted its forecast for the ECB's monetary policy, abandoning previous expectations of interest rate cuts in July. The agency predicts that the ECB will cut interest rates continuously by 25 basis points in June, September, and December this year, followed by similar interest rate cuts in March, June, and September next year.

FX678 Finance22:43 ET

ECB Governing Council: June is the right time to cut interest rates and be open to the possibility of future action

ECB Governing Council member and Bank of Slovenia Governor Bostjan Vasle said on Friday that June may be the right time to start cutting interest rates and is open to subsequent actions.

Zhitong Finance20:41 ET