Posted 2/3/2024, 9:55:04 AM
ECB Official Hints at Rate Cuts If Inflation and Growth Concerns Persist
- ECB will likely cut interest rates if inflation keeps slowing faster than expected, says Governing Council member Centeno
- Centeno concerned about Europe's economic growth stagnating for 1.5 years
- ECB made unprecedented rate hikes from mid-2022 to late 2023 to curb inflation
- ECB officials reluctant to clearly signal rate cut timing until confident of hitting 2% inflation target
- Monetary policy stimulus needed to boost euro area economy, Centeno argues lower rates could provide
