First ECB rate cut is likely in June

Yesterday, the ECB left interest rates unchanged once more. But it has become a little more forthcoming in hinting at when it might finally move. The first step on the descent from the interest rate summit is expected in June.

But wouldn't the recent significant fall in inflation argue in favor of acting sooner? "If only it were that simple," says LBBW Chief Economist Moritz Kraemer.

In the latest LBBW "To the point", you can read about the arguments in favor of a swifter interest rate cut and why it would still carry risks.