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We do not need to discuss a 50 basis point rate cut at this stage; there is no evidence to support our discussion of such a policy outlook; the European economy is weaker than we originally expected; internal inflation remains very high; central bank policy depends on data.
ECB Governing Council Member Wen Shi: July (interest rate cut) is an option in theory and must be cautious in practice.
ECB Governing Council Winsch: The July meeting will give a signal on the path of interest rates.
The European Central Bank Governing Council Wen Shi said that there is no basic expectation, but the possibility of only 25 basis points of interest rate cuts in 2024 is very low; interest rate cuts in July are not ruled out, but it is difficult to predict at present; the interest rate gap between the European Central Bank and the Federal Reserve may widen.
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