Mario Centeno, a member of the European Central Bank Governing Council, suggested that a significant interest rate reduction may be considered at the upcoming policy meeting in December.
He emphasized the importance of analyzing incoming data and stated that current trends indicate the possibility of a 50 basis point cut. Centeno also highlighted the ECB's commitment to making decisions based on data, noting that the information received supports the potential for a larger cut.
The central bank's monetary policy strategy will be guided by the latest economic indicators.