Thursday, October 24, 2024
17.7 C
London

European Central Bank official: Rate cuts must continue in a deliberate manner

European Central Bank official: Rate cuts must continue in a deliberate manner

Vassali added in statements on the sidelines of the meetings International Monetary Fund in USTalking about lowering interest rates to levels lower than the inflation target or easing policy to levels that stimulate growth is not justified at the present time.

And lower European Central Bank Interest rates have tripled already this year and investors see a 40 percent chance that its next move in December will be by half a percentage point, double the size of previous cuts.

Those bets were fueled this week when some policymakers claimed that a 50 basis point move could be on the table in December.

Vasly, head of the Central Bank, refused Slovenia This view says that the ECB needs to move step by step given the ongoing uncertainty over… Inflation.

“We should continue to move to the neutral level with deliberate steps,” Vassili told Reuters in an interview on the sidelines of the International Monetary Fund and World Bank meetings in Washington.



Source link

Hot this week

New Jumbo store opens in Latsia

A new Jumbo store opened in Latsia on...

Woman who died in bakery oven at Halifax Walmart found by her mother, organization says

“A young beautiful girl who came to Canada...

Tributes paid to Wayne Woodgate who is remembered as the ‘face of Tunbridge Wells’

Tributes have been paid to a “dedicated...

Trump says he’ll fire Special Counsel Jack Smith if elected president

Republican presidential candidate Donald Trump said on Thursday...

Topics

spot_img

Related Articles

Popular Categories

spot_imgspot_img