Mario Centeno, a member of the European Central Bank's Governing Council, advocates for a gradual reduction of interest rates to around 2%. He emphasizes the importance of a steady approach rather than rushing, suggesting that the current quarter-point pace should be maintained.
Mario Centeno, a member of the European Central Bank Governing Council, warned against any US efforts to abandon enhanced bank capital rules, suggesting such a move would backfire. He emphasized that Europe should adhere to Basel III unless it proves counterproductive, urging caution in the face of potential regulatory shifts.
European Central Bank Governing Council member Mario Centeno indicated that discussions on larger interest rate cuts could occur if economic risks materialize, particularly due to US trade tariffs. He emphasized a preference for gradual and predictable adjustments, though more aggressive measures may be warranted if conditions worsen.
Mārtiņš Kazāks, governor of the Bank of Latvia and ECB Governing Council member, indicated that a jumbo half-point interest rate cut is possible for December, emphasizing that all options should be considered. His remarks follow a recent back-to-back rate cut by the ECB and come amid lower-than-expected inflation data, which has shifted the outlook towards potential further cuts. Kazāks noted that while the bank remains in restrictive territory, easing rates will depend on forthcoming economic data.
Mario Centeno, a member of the European Central Bank's Governing Council, advocates for significant interest-rate cuts in response to a lack of economic recovery and increasing risks. He emphasizes the need to stimulate the euro-zone economy swiftly to encourage spending and investment, warning that rising unemployment could hinder future growth.
European Central Bank policymakers are divided on the potential for a significant half-point interest rate cut in December, following recent back-to-back quarter-point cuts. While some officials, like Mario Centeno and Klaas Knot, see data trends supporting larger cuts, others, including Christine Lagarde and Robert Holzmann, emphasize a cautious approach, focusing on incoming economic data. Inflation in the eurozone has recently dipped below the ECB's 2% target for the first time since June 2021, raising expectations for further rate adjustments.
Mario Centeno, a member of the European Central Bank's Governing Council, indicated that a significant interest rate cut could be considered at the upcoming policy meeting in December. He emphasized the importance of analyzing incoming data, noting that a reduction of 50 basis points is a possibility based on current trends.
The euro fell to its lowest level since early August, trading at $1.0796, as traders increased bets on further interest rate cuts by the European Central Bank to support the struggling economy. Governing Council member Mario Centeno indicated that monetary easing could be intensified based on economic data, while President Christine Lagarde noted that the rate path is clear, but the pace remains uncertain.
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