Inflation undershoots to jumbo cuts: What 10 European Central Bank members said this week
Publishing timestamp: 2024-10-25 01:57:10
Summary
Governing Council members discuss potential interest rate cuts following ECB's recent rate cut and inflation falling below target. Some members are open to a 50-basis-point cut in December, while others prefer a more gradual approach based on data. Concerns about inflation, economic growth, and productivity in Europe are also discussed. Members emphasize the importance of being data-dependent in decision-making.
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Keywords: economy, national bank holdings corp, business news, breaking news: markets, breaking news: economy, markets, economic events, prices,