Reported 5 months ago
European Central Bank Vice President Luis de Guindos stated in an interview with Oberösterreichische Nachrichten that a quarter-point interest rate cut in June appears reasonable and a prudent approach, emphasizing the uncertainty in economic data and the need to monitor inflation, wages, productivity, and geopolitical risks. Guindos noted that rate hikes are not part of their base scenario, and decisions will depend on economic developments towards price stability.
Source: YAHOO