Reported about 1 month ago
Gediminas Simkus, a member of the European Central Bank, stated that while a potential interest rate cut is on the table for December, he cannot support a significant half-point reduction at this time. Instead, he emphasizes the importance of the long-term trajectory of borrowing costs. Recent economic indicators suggest a slowing economy, but Simkus believes the ECB's current rate reductions are appropriate and are not lagging in terms of response. He maintains that the approach should remain data-driven and gradual.
Source: YAHOO