ECB’s Escriva Says Rate Cut Next Week Is ‘Most Likely’ Scenario

European Central Bank Governing Council member Jose Luis Escriva said another reduction in borrowing costs at next week’s meeting is very probable as recent data confirm the outlook for inflation.

“The market expects a further cut of 25 basis points,” the Spanish central-bank governor told Bloomberg Television’s Francine Lacqua on Wednesday in Davos. “It feels like this is the most likely scenario,” he added, describing such an outcome as “fine.”