Central Banks
ECB Can Be Out of Sync With Fed for Some Quarters, Noyer Says
Christian Noyer
Photographer: Daniel Dorko/AFP/Getty ImagesThis article is for subscribers only.
The European Central Bank doesn’t have to wait for the Federal Reserve before cutting interest rates as the two can be out of sync for several quarters, former policymaker Christian Noyer said.
“It’s not unrealistic to believe that they move at different times even if the general movement will probably go in the same direction,” he said on Bloomberg Television on Friday. “But there can be a gap of some months or quarters depending on the circumstances of each economic or monetary zone.”