Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
Publishing timestamp: 2024-05-03 05:01:49
Summary
The European Central Bank is expected to cut interest rates next month, potentially diverging from the Federal Reserve. This could have negative implications for the euro zone. The ECB's decision will be influenced by inflation data and economic growth in the region. ECB President Christine Lagarde has indicated that a rate cut is likely in the near term. The IMF does not seem overly concerned about the impact of monetary policy divergence on exchange rates.
Sentiment: MIXED
Tickers: EUR=,
Keywords: inflation, interest rates, eur/usd, christine lagarde, business news, breaking news: markets, central banking, markets,