ECB Case to Cut Rate Has Strengthened, Cipollone Tells Expansion

The European Central Bank’s case to keep lowering borrowing costs has strengthened since its last decision, according to Executive Board member Piero Cipollone.

The former Bank of Italy official, speaking in an interview with Spanish newspaper Expansion, cited reasons ranging from lower energy prices, the appreciation of the euro, higher real interest rates, and the risk of an escalation in trade tensions with the US.