ECB Governing Council's Wunsch: very low likelihood of a rate cut of just 25 bps this year

ECB Governing Council member Wunsch said there is no one basic expectation, but expects the possibility of a rate cut of only 25 basis points in 2024 to be very low; does not rule out a rate cut in July, but it is difficult to predict at this time; and the interest rate spread between the ECB and the Federal Reserve may widen.