ECB Vice President Luis de Guindos said that if policymakers' expectations for inflation remain unchanged, then there will be further interest rate cuts. Guindos told the newspaper Helsingin Sanomat that the trajectory of future interest rate cuts will depend on the inflation situation. He said that it is difficult to predict the exact number and extent of interest rate cuts. “We have cut interest rates three times, and the trajectory of monetary policy is clear,” Guindos said in an interview published on Tuesday. “If our expectations are confirmed, then monetary policy will continue to be less restrictive.”

ECB Vice President Luis de Guindos said that if policymakers' expectations for inflation remain unchanged, then there will be further interest rate cuts. Guindos told the newspaper Helsingin Sanomat that the trajectory of future interest rate cuts will depend on the inflation situation. He said that it is difficult to predict the exact number and extent of interest rate cuts. “We have cut interest rates three times, and the trajectory of monetary policy is clear,” Guindos said in an interview published on Tuesday. “If our expectations are confirmed, then monetary policy will continue to be less restrictive.”