ECB’s de Guindos hints at September rate decision, focus on forecasts
European Central Bank vice-president Luis de Guindos hinted at a possible interest rate cut in September, singling out the ECB’s new projections as the “most important” factor in determining whether inflation is falling back to target.
The ECB left rates on hold last week but President Christine Lagarde said its next meeting in September was “wide open”, with several policymakers openly considering more cuts as inflationary pressures ease.
Source: REUTER