Gelonghui April 30| European Central Bank Governing Council Villeroy said that the euro zone's inflation data in April gave the European Central Bank confidence to start cutting interest rates in June and then continue to relax monetary policy at a pragmatic pace. Hours earlier, Eurostat data showed that the recent slowdown in inflation stalled in April, remaining at 2.pokerodds.4%。However, services inflation fell to 3.7% from 4% five months ago. "These data enhancementspokeroddsGiven our confidence, inflation will return to our target between now and next year,"Villeroy said. "As a result, we will be able to start cutting rates in June." He said inflation data may fluctuate slightly in the coming months, so the ECB should focus more on the outlook for price increases rather than hard data. He said the pace of subsequent interest rate cuts would be "pragmatic and depend on the inflation outlook rather than month-by-month data results."
