ECB’s June rate cut not necessarily followed by others, Nagel says

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ECB’s June rate cut not necessarily followed by others, Nagel says

FRANKFURT (Reuters) – Euro zone inflation could still prove stubborn so a European Central Bank rate cut in June will not necessarily be followed by further policy easing, Bundesbank President Joachim Nagel said on Wednesday. The ECB has essentially promised a rate cut at its next policy meeting on June 6 but policymakers are still debating the rate path beyond that and signals from the U.S Federal Reserve that its own easing could be delaye…