Central Banks
ECB’s Muller Says Confidence in September Rate Cut is Growing
- Estonian governor says data broadly in line with projections
- Policy path becomes more uncertain after next meeting, he says
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The European Central Bank is increasingly likely to lower borrowing costs again at its meeting next month, but what happens beyond that is less certain, Governing Council member Madis Muller said.
“We can be increasingly confident that in September, it’s possible to lower policy rates,” the Estonian central-bank chief told Bloomberg in Tallinn, citing a slower wage gains and other data that have developed broadly in line with ECB projections.