European Central Bank (ECB) Governing Council member Mario Centeno said on Thursday that the ECB must "minimize the risk of undershooting" in future policy decisions. He disagreed with some of his colleagues who argued there will be no rate cut in October due to insufficient new data points. "Five weeks is plenty of time for us to go back to the data, to look at it again, to value what each piece of data is telling us," he said in an interview with Politico.
Centeno said his biggest worry is the lack of investment growth in the Eurozone. "Despite the Next Generation EU push, public investment is booming in most of our countries, but private investment is not following suit," he said. He also warned that the labor market is not as strong as it could be, with new vacancies and employment growth slowing down.
