More ECB officials hint at rate cuts - Breaking The News

More ECB officials hint at rate cuts

8 March

1 min read

EPA-EFE/RONALD WITTEK

European Central Bank policymakers continued on Friday to hint that the ECB could soon be going ahead with an interest rate cut.

European Central Bank (ECB) Governing Council member Madis Muller shared in a blogpost that it is "likely interest rates will fall in the future," adding however, that before this happens, the ECB might need "firmer confirmation" inflation is sustainably heading towards the 2% target.

Meanwhile, speaking about monetary policy easing, member of the ECB Governing Council and Austrian National Bank (OeNB) Governor Robert Holzmann told reporters that "a change may be in preparation." In addition, member of the ECB Governing Council and Bank of Lithuania Board Chairman Gediminas Simkus told reporters that although loosening monetary policy in April is unlikely, a June rate cut is "very likely."

ecb holzmann muller simkus

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