President of the European Central Bank (ECB) Christine Lagarde arrives to address a press conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on April 11, 2024.
FRANKFURT — The European Central Bank this week is set to cut borrowing costs for the euro area for the first time since September 2019.
It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared higher.
But investors' attention looks like it has already moved on to what will happen after this June cut by the Frankfurt institution.
"Judging by the commentary from officials, there is no questioning of the wisdom of cutting rates on 6 June," said Mark Wall, ECB watcher with Deutsche Bank.
Persons:
Christine Lagarde, Mark Wall
Organizations:
European Central Bank, ECB, Deutsche Bank, ECB —
Locations:
Frankfurt, Germany, FRANKFURT