Danske Bank: The European Central Bank may cut interest rates more cautiously after June.

Danske Bank's joint head of fixed income and foreign exchange research, Philip Andersen, stated in a report that the European Central Bank's recent cautious measures following the expected rate cut in June have been reinforced, but it is expected to ease further. We still see rate cuts in July and September as likely. The new round of statements from ECB officials may provide more clues on the central bank's sentiment shift following the softening of the US trade stance.