Christine Lagarde: European Central Bank likely to cut rates this summer

Bloomberg News interview

European Central Bank president Christine Lagarde said the central bank is likely to cut interest rates this summer, which would be the first cut since 2016 for the institution.

During an interview with Bloomberg during the World Economic Forum in Davos today (17 January), Lagarde said it is likely that the majority of the governing council policymakers would be supportive of such a move, but argued she "needs to be reserved".  "We are also saying that we are data dependent, and that there is still a level of uncertainty and some indicators that are not anchored at the level where we would like to see them," she said. "You have talked to some of them, they have spoken recently, and each of them has their view, which I respect completely. "We generally coalesc...