Central Banks
ECB’s Guindos Says Rate-Cut Size Is Less Important Than Path
Luis De Guindos in Madrid on Nov. 22.
Photographer: Diego Radamés/Europa Press/AP PhotoThis article is for subscribers only.
The European Central Bank is clearly on a path of lowering interest rates, but how much it cuts at each monetary policy meeting is not as important, Vice President Luis de Guindos said.
He added that wage growth will slow next year and that the ECB expects the pace of consumer-price rises to converge toward its 2% target.