Reported about 1 year ago
In a speech at the International Economic Forum of the Americas, European Central Bank Governing Council member Joachim Nagel emphasized that despite recent easing policies, core inflation in the euro zone remains persistent. Nagel stated that the ECB won't automatically lower borrowing costs but evaluate conditions at each meeting. The recent interest-rate cut and upward inflation projections have led to speculation about the future direction of monetary policy. Nagel stressed the importance of a cautious, meeting-to-meeting approach in dealing with the uncertain economic outlook.
Source: YAHOO