ECB’s Centeno Sees Conditions to Slow Rate Hikes in December

The European Central Bank can afford to reduce the pace of interest-rate hiking after two 75 basis-point increases, according to Governing Council member Mario Centeno.

The Portuguese central bank chief said he sees room for borrowing costs to rise more, adding that “I think there are conditions in place -- many conditions -- for the increase to be less than that number” at the Dec. 15 decision.