ECB’s Kazimir: A rate cut in June is more probable than in April

European Central Bank (ECB) Governing Council member Peter Kazimir said on Monday, “a rate cut in June is more probable than April but the exact timing is secondary to the decision's impact.”

Additional quotes

The next move will be a rate cut and it is within our reach.

Patience is essential before making pivotal decisions.

ECB is not behind the curve, it is markets getting ahead of the event.

Disinflation signs are positive but not yet enough to make a confident conclusion.

Market reaction

At the time of writing, EUR/USD is trading 0.25% lower on the day at 1.0825.