European Central Bank Governing Council member Rehn: Reasons for a rate cut in December are increasing, and policy will continue to be eased in the coming months
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European Central Bank Governing Council member Lane stated that the policy will continue to be eased in the coming months, with increasing reasons for a rate cut in December. Inflation in the Eurozone has slowed to the 2% target, economic growth is weak, and a 25 basis point rate cut is expected next week, bringing the deposit rate to 3%. Lane pointed out that the rise in service sector inflation is related to wage growth, a return to zero interest rates is unlikely, and there are unconventional monetary policy tools available. He also mentioned that the EU needs to actively address the risks in trade relations with the United States
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