ECB President Lagarde reiterated that consumer price increases continue to slow, but also emphasized that the risks posed by wage pressure still exist. “The latest information on inflation shows that the process of falling inflation is progressing smoothly,” Lagarde said in a statement at the International Monetary and Financial Committee meeting held in Washington on Friday. “Some recent indicators of economic activity have unexpectedly declined, and the financing situation is still limited.” Following the recent implementation of the third rate cut in the year, ECB officials are discussing whether more drastic measures need to be taken at the next meeting in December. There are more and more dovish policymakers who are concerned about the Eurozone's faltering pace, and so are hawkish officials who oppose speeding up monetary easing. Lagarde also expressed her opinion on this. She said on Tuesday that although the direction of interest rate development is very clear, the pace of interest rate cuts has yet to be determined.

Zhitongcaijing · 10/25 13:57
ECB President Lagarde reiterated that consumer price increases continue to slow, but also emphasized that the risks posed by wage pressure still exist. “The latest information on inflation shows that the process of falling inflation is progressing smoothly,” Lagarde said in a statement at the International Monetary and Financial Committee meeting held in Washington on Friday. “Some recent indicators of economic activity have unexpectedly declined, and the financing situation is still limited.” Following the recent implementation of the third rate cut in the year, ECB officials are discussing whether more drastic measures need to be taken at the next meeting in December. There are more and more dovish policymakers who are concerned about the Eurozone's faltering pace, and so are hawkish officials who oppose speeding up monetary easing. Lagarde also expressed her opinion on this. She said on Tuesday that although the direction of interest rate development is very clear, the pace of interest rate cuts has yet to be determined.