FRANKFURT, April 11 -
ECB President Christine Lagarde said that if a fresh assessment increased policymakers' confidence that inflation is heading back to target, then it "would be appropriate" to cut interest rates, a comment taken as affirmation of a June 6 move. Lagarde acknowledged the relevance of developments in the U.S. economy - the world's largest - to the ECB's policy-setting but also stressed the 20-country euro zone's differing economic conditions.
"That the ECB goes first is unusual. But the difference in current economic performance more than justifies that."
EF:MARKETS-MACROMATTERS BISV BISV08 BNK BNKS BSVC CEN DBT ECB ECI ECO EU FIN FINS FINS08 FRX GEN GVD INFL INT INTAG MCE MMT NEWS1 PLCY POL EZC EZ ECON TOPNWS JOB TOPCMB LEGAL REUTERS-LEGAL FED
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