ECB Official Ryan: We Have Enough Reasons To Start Cutting Interest Rates

175

On Monday, Phillip Lane, chief economist of the European Central Bank (ECB), told the Financial Times in an interview that “what we are seeing now is enough to start cutting interest rates.

More quotes:

I think we were successful in bringing inflation down in a timely manner.

But policies need to remain within restrictive limits.

The process of things will be bumpy and gradual.

But within limits, we can move interest rates downward.

If inflation is significantly closer to target next year, then we can secure further cuts in interest rates.