There’s one thing European Central Bank officials seem to agree on — that a first cut in interest rates will probably be delivered in June. How many will follow and how quickly is still very much contested. The differences in opinion aired in the past week highlight the challenges of finding common ground as policymakers close in on their 2% inflation goal, wary of the risks of another oil-price shock or delays in monetary easing by the Federal Reserve Only four of the Governing Council’s 26 members stayed out of the debate that’s mostly unfolded around the International Monetary Fund’s spring meetings in Washington. ... (full story)