Central Banks
Behind-the-Curve ECB Should Consider Bigger Cuts, Centeno Says
- Policymakers must get to neutral settings as soon as possible
- Portuguese central bank chief speaks in Washington interview
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The absence of a meaningful recovery and mounting risks to the economic outlook are a strong signal for the European Central Bank to consider steeper interest-rate cuts, Governing Council member Mario Centeno said.
Policymakers should remove all shackles from the euro-zone economy as quickly as possible to bolster spending and investment before rising unemployment will make a growth rebound harder to achieve, Centeno said in an interview in Washington.