ECB's Bold Move: Interest Rate Cuts Ahead
The European Central Bank’s Philip Lane announced readiness to begin cutting interest rates starting next week. In an interview with the Financial Times, Lane mentioned that current conditions are sufficient to ease top-level financial restrictions, barring any major surprises.
The European Central Bank's Philip Lane said the ECB is ready to start cutting interest rates from next week, the Financial Times reported on Monday.
"Barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction," Lane told the FT in an interview.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement
ALSO READ
ECB Navigates Complex Path of Interest Rate Cuts Amidst Persistent Inflation
ECB Chief Christine Lagarde Announces Interest Rate Cuts Amid Improved Inflation Outlook
Sri Lanka’s Macroeconomic Policy Reforms Bear Fruit: IMF Sees Strong Progress
Federal Reserve's Perspective on Interest Rate Cuts: An Economic Outlook Update
Tech Stocks Cushion S&P 500 as Fed Eyes Interest Rate Cuts