Reported about 1 month ago
Belgian central bank chief Pierre Wunsch stated that there is no urgency for the European Central Bank (ECB) to accelerate interest rate cuts, even suggesting a temporary undershoot of its inflation target could be acceptable. He emphasized strong employment and rising wages, asserting that the economy's performance does not necessitate immediate action. While some ECB policymakers support swift cuts due to inflation concerns, Wunsch believes a cautious approach is warranted and that underlying inflation indicators are more relevant for assessing monetary policy restrictions.
Source: YAHOO