Central Banks
ECB’s Muller Says October Cut Not Excluded But Data Are Scarce
- It’s ‘easier to decide in December,’ Estonian official says
- Comments are first since unexpected downturn in euro-zone PMIs
This article is for subscribers only.
European Central Bank Governing Council member Madis Muller isn’t “totally” ruling out another interest-rate cut next month but reckons policymakers may lack sufficient data to make definitive judgments on the region’s struggling economy.
“It’s early to express a clear position on the interest-rate decision in October,” the Estonian official told Bloomberg on Tuesday in Tallinn. “It will be easier to decide in December because then we’ll again have a full picture with an updated outlook.”