ECB’s Panetta adds to the chorus for a June a rate cut – “general consensus has emerged”

As Bank of Italy Governor, Fabio Panetta is also a member of the European Central Bank Governing Council. On Saturday he spoke at a news conference at the end of the G7 finance leaders meeting saying that he sees “a fairly general consensus has emerged on the possibility of a rate cut”.

We’ve certainly been getting a consensus out of ECB officials that a June cut is happening, these are from Friday:

ECB rates:

This article was written by Eamonn Sheridan at Source