Reported about 6 hours ago
European Central Bank Vice President Luis de Guindos indicated that further interest rate cuts are likely if inflation forecasts remain unchanged. In an interview, he emphasized that the timing and extent of these cuts would depend on the evolution of inflation. As the ECB prepares for its final policy meeting of the year, some officials expect the deposit rate to decrease to around 3%, amid growing concerns over economic stagnation in Europe.
Source: YAHOO