ECB’s Schnabel: A June rate cut is likely

Reuters reported comments delivered by European Central Bank (ECB) policymaker Isabel Schnabel during an interview conducted on May 16.

Key quotes

A June rate cut is likely.

The decision won't be made until the day the Governing Council meets.

If data gives us confidence that price target can be met sustainably, a June rate cut will be likely.

Some elements of inflation are proving persistent, services in particular.

Would caution against moving too quickly on rate cuts.