Central Banks
ECB’s Scicluna Open to March Cut With Inflation Trending Down
- Maltese official says ‘choker’ on economy can be loosened
- Most officials have been signaling June for start of easing
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The European Central Bank should acknowledge that inflation is retreating, stop making excuses and consider interest-rate cuts as early as March, according to Governing Council member Edward Scicluna.
The Maltese central-bank chief urged his colleagues to be objective in assessing the latest price trends and loosen the “choker” on the economy, at least a little. Quarterly economic projections — updated for next month’s meeting — could help underpin any shift in policy, he said in an interview.