ECB Governing Council member Peter Kazimir said that the bank will remain flexible as it enters its final meeting in 2024. He said that the return of inflation is “stable” and that further reduction in borrowing costs is possible. “Our decision to cut interest rates in October left a lot of room for the December meeting,” Kazimir said in a column on Monday. “All options are being considered.” Last week, the ECB cut interest rates for the third time this year. As inflation recedes at an accelerated pace, the central bank was able to take steps to support the faltering local economy. Although officials have not specified when and how quickly borrowing costs will be reduced in the future, investors are betting on a series of interest rate cuts in the next few months.

Zhitongcaijing · 10/21 12:49
ECB Governing Council member Peter Kazimir said that the bank will remain flexible as it enters its final meeting in 2024. He said that the return of inflation is “stable” and that further reduction in borrowing costs is possible. “Our decision to cut interest rates in October left a lot of room for the December meeting,” Kazimir said in a column on Monday. “All options are being considered.” Last week, the ECB cut interest rates for the third time this year. As inflation recedes at an accelerated pace, the central bank was able to take steps to support the faltering local economy. Although officials have not specified when and how quickly borrowing costs will be reduced in the future, investors are betting on a series of interest rate cuts in the next few months.