Reuters
The European Central Bank will cut interest rates in June but needs to be very cautious about subsequent moves and take into account signals from the U.S. Federal Reserves, ECB Vice President Luis de Guindos said in a newspaper interview. "Assuming there are no surprises between now and then, as you say in French, it's a 'fait accompli'," French newspaper Le Monde quoted de Guindos as saying in Tuesday. Markets see two more rate cuts after June, most likely in September and December, but expectations have retreated in recent weeks on fears the Fed itself will delays cuts, possibly into next year.