Central Banks
ECB to Almost Certainly Await December for Cut, Kazimir Says
- Inflation at risk of topping forecast, Slovak official warns
- ECB Vice President Guindos says there’s no set path for rates
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The European Central Bank will probably only be in a position to lower interest rates again at its final meeting of the year, according to Governing Council member Peter Kazimir.
“We will almost surely need to wait until December for a clearer picture before making our next move,” he said Monday in a statement. “I would require a significant shift, a powerful signal, concerning the outlook to consider backing another cut in October. But the fact is that very little new information is in the pipeline.”