The consensus within the ECB on lowering interest rates in June has further strengthened.
① Central bank governors of European countries are becoming more confident about a rate cut in June, as business growth in the eurozone stagnates, wage increases slow down, and inflation continues to decrease; ② Apart from the data, since Trump's temporary 20% tariff on European commodities is not expected to provoke a countermeasure, the European Central Bank believes that the upward momentum of inflation in Europe will decrease in the short term; ③ The European Central Bank may cut interest rates by 25 basis points in June, but will not make a large cut to avoid causing market concerns.
Eurozone Government Bond Issuance Volume Unaffected by Market Turmoil in April -- Market Talk
French Business Climate Worsens in April
ECB's Rehn Suggests Rate Cut at Next Meeting If Inflation Set to Fall Below Target
ECB to Consider Strategy Shift for Improved Response to Price Shocks - Bloomberg
DAX Index Jumps as German Business Sentiment Improves