'Unusual’: ECB raises inflation outlook after cutting rates

CommSec’s Tom Piotrowski says the European Central Bank raising its inflation forecast after cutting interest rates is an “unusual" move. The ECB cut interest rates on Thursday as was widely expected, and at the same time raised its inflation outlook for 2024 and 2025 declining to detail the rate-cutting path. “It’s not a traditional response to cutting rates,” Mr Piotrowski told Sky News Australia. “You would tend to think that you’d be expecting lower inflation outcomes.” Presented by CommSec.