On the European side, the different members of the ECB returned to the wires, with messages in line with what President Lagarde indicated, rate cuts at the beginning of summer when all the necessary data are available.
Nagel, head of ECB monetary policy and head of the Bundesbank, declared that the probability of a rate cut before the summer is becoming increasingly important. For her part, the president of the ECB, Christine Lagarde, argued last Friday to the leaders of the European Union that they expect the decline in inflation to continue in the Euro Zone.
Lagarde also added that growth is expected to rebound throughout this year, driven mainly by the increase in purchasing power. The highest authority of the entity pointed out that the capacity for economic recovery requires greater productivity, and this in turn requires greater capital investment.
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Economic News, ECB
