European Central Bank (ECB) Governing Council member Peter Kazimir said on Monday that the ECB will "almost surely" wait for the December monetary policy meeting before delivering another interest rate cut. He reasoned that there is "very little" new data coming in before the October meeting and that the central bank would need to see a "significant shift in the outlook" in order to approve another cut just a month after September's 25-basis point decrease.
Kazimir noted that there is "no rush" to ease monetary policy and that it would be safer to wait for the outlook to "become clearer."
