On June 7, four sources said that several conservative European Central Bank policymakers on Thursday regretted too clearly signaling that interest rate cuts were imminent, and some of them even said that they might vote for June if they had not made previous commitments. The European Central Bank cut Intrerest Rate from record highs on Thursday in light of falling inflation, with only Austrian Central Bank President Holzmann opposing. Ahead of the meeting, longing policymakers supported a rate cut, with Deputy Governor De Guin Longing even saying that a rate cut was a fait accompli. However, in the final weeks leading up to the meeting, a flurry of worrisome wage and price data changed the outlook and cast doubt on the Central Bank's claim that inflation will return to target by mid-2025, with bumps in between.