Central Banks
ECB to Assess How Weak Economy Affects Prices, Elderson Says
- Risks of lower economic growth materializing, he tells Delo
- Officials are likely to cut interest-rates again next week
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The euro-zone economy is weaker than expected and the European Central Bank must assess the knock-on effect for consumer prices at its meeting next week, Executive Board member Frank Elderson told Slovenia’s Delo newspaper.
“A number of recent indicators suggest that downside risks to economic growth are already materializing,” he said in an interview published Tuesday. “So we will need to carefully assess whether this has any implications for our inflation outlook.”