Via unnamed sources quoted by a newswire:
The European Central Bank is likely to 'tweak' its policy statement at its 7 March meeting. The reports go on to say that the largest bloc of voters on the Bank's Governing Council (the policy-setting committee) is coming together around a rate cut in June (meeting is on the 6th).
No further detail.
Overnight from the Bank:
- ECB's Lagarde: We will continue to follow a data-dependent approach
- ECB's Lagarde: The last thing I want is a hasty decision only for inflation to rise again
- ECB's de Cos: Inflation will be around 2% in 2025 to 2026
