Reported 9 months ago
European Central Bank's Governing Council member Olli Rehn stated that the investor predictions of two more monetary policy rate cuts in 2024 are reasonable, potentially leading to a rate as low as 2.25% by 2025. Rehn emphasized the importance of returning inflation to 2% while avoiding excessive dampening of economic activity, acknowledging the likelihood of further rate reductions amid the ongoing disinflationary trend.
Source: YAHOO