European Central Bank Executive Committee Member Panetta: Inflation is slowing rapidly and the time has come to cut interest rates
According to a report from Golden Ten, Panetta, the executive member of the European Central Bank, said that inflation is slowing down rapidly and the time to cut interest rates is coming. The European Central Bank's restrictive monetary policy is suppressing demand and, along with falling energy prices, is causing inflation to fall rapidly. Risks to price stability have declined and conditions for monetary easing are taking shape. ECB officials appear to have reached an agreement to reverse previous interest rate hikes starting in June.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
An address increased its holdings by over 720,000 ASTER at an average price of $1.51.
Barkin: Low unemployment and wage growth support consumer spending
Barkin: The labor market is expected to continue with low hiring and low layoffs
Trending news
MoreCrypto prices
More








