BERLIN — If inflation in Europe slows to its 2% target earlier than expected, then the European Central Bank can continue to justify “reducing rates in a gradual manner,” National Bank of Belgium Gov. Pierre Wunsch told Nikkei in a recent interview.
The ECB cut key interest rates for the second time in a row at its October meeting, bringing the deposit rate to 3.25%. With the eurozone facing greater economic uncertainty, there had been speculation that the ECB could decide on a cut of 50 basis points at its next policy meeting on Dec. 12.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=67477d88aedf4ef680eadb52bf462c90&url=https%3A%2F%2Fasia.nikkei.com%2FEditor-s-Picks%2FInterview%2FECB-on-track-to-keep-gradual-rate-cuts-Belgian-central-banker-says&c=1573620941403257657&mkt=de-de
Author :
Publish date : 2024-11-27 12:02:00
Copyright for syndicated content belongs to the linked Source.
