Central Banks

ECB Would Mull Bigger Cuts If Backed by Data, Centeno Says

Sees risk of inflation undershooting central bank’s 2% target
Portuguese central-bank chief speaks on sidelines of IMF

WATCH: European Central Bank President Christine Lagarde said, “the direction of travel is clear,” on interest rate cuts by the central bank, as she declined to speculate on what it would take for the ECB to deliver a 50-basis-point cut.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Mark Schroers

October 22, 2024 at 1:57 PM UTC

Updated on

October 22, 2024 at 2:39 PM UTC

This article is for subscribers only.

The European Central Bank would be ready consider ramping up monetary easing should the data suggest such a move, according to Governing Council member Mario Centeno.

“If it’s gonna be 25 or at some point we have to do 50 that’s something data will tell us,” the Portuguese central-bank chief said Tuesday in Washington. ”I don’t think the Governing Council will be not considering faster trajectory if data tells us to do that — it’s possible.”