In an interview with MNI on Monday, European Central Bank (ECB) chief economist Philip Lane said that The central bank will study the possibility of reducing its rate hike rate at its meeting on December 15.
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“There is no longer a basis for considering a very large raisesuch as 75 basis points”.
“The more that has already been done on a cumulative basis, that changes the pros and cons of any given increment.”
“We’ll have to look at it in terms of the inflation outlook that we have in December and keep in mind that we’re at a different point now, and also recognize that there are delays in the transmission process.”
“Trying to jump forward to February, to March, to May or June of next year, I think it’s too early to have very strong opinions right now.. The logic of a pause for the ECB, we are not at that point.”
“The exact distribution [de las subidas de tasas] between different meetings is a secondary matter. But the more we’ve already done, the less we have to do“.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
