Demetriades Says Cannot ‘Rule Out’ Another ECB Interest R

European Central Bank Governing Council Member Panicos Demetriades said policy makers can’t “rule out” lowering their key interest rate to a new record low even amid signs the euro-area economy is improving.

“That option is still on the cards,” Demetriades said of a rate cut in an interview today in Jackson Hole, Wyoming. “We cannot rule out that possibility although one has to take a look at the new data. That data is more encouraging.”