The European Central Bank should be cautious about rate cuts after the June rate cut, says de Guindos

Luis de Guindos says ECB should be very cautious about post-June rate cuts. 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 delay cuts, possibly into next year.

Governing Council member Francois Villeroy de Galhau: Oil price uncertainty won't stop June rate cut. ECB won't be swayed from a first interest-rate cut in June by oil price uncertainty, he says. Oil price uncertainity won’t stop a June interest rate cut, he adds.

Governing Council member Francois Villeroy de Galhau says oil price uncertainty won't stop June rate cut. ECB won't be swayed from a first interest-rate cut in June, he says. The European Central Bank won’t be swayed by the uncertainty surrounding oil prices, he said.

Governing Council member Madis Muller says ECB shouldn't rush into further rate cuts. Muller: “We should be careful not to move too quickly with the loos. We shouldn’t rush too quickly,” he says. Muller says the ECB should take a likely first step in June to cut interest rates.

ECB Vice President Luis de Guindos says it's "crystal clear" interest rates could be cut in June. But he says policy decisions beyond that remain up in the air. The ECB put a June rate cut on the table last week and has spent the past week reinforcing that guidance.