Central Banks
ECB’s Centeno Prefers ‘Gradual’ Drop in Interest Rates
- Inflation has been falling faster than it rose, Centeno says
- ECB policymaker Centeno is governor of the Bank of Portugal
This article is for subscribers only.
European Central Bank Governing Council member Mario Centeno said he would prefer that interest rates fall gradually and in a steady way instead of dropping more rapidly.
“In the logic of stability, I would prefer that interest rates fall in a gradual way, without hesitations, rather than in a hurry,” the Portuguese central bank governor said in an interview published Saturday on TSF radio’s website. “Normally, when central banks have to act in a more rapid way, it means that something isn’t going well in this process.”