Summary
- The European Central Bank (ECB) implemented its first interest rate cut since 2019, citing progress in tackling inflation.
- Inflation in the eurozone has fallen to 2.6% but concerns remain about sticky inflation and domestic price pressures.
- Uncertainty surrounds whether there will be further easing in July, dependent on data.
- Stronger-than-expected economic data and concerns about the Fed’s response may impact future rate cuts.
