ECB signals no interest rate cuts before summer

European Central Bank (ECB) official Boris Vujcic stated today that the ECB does not foresee cutting interest rates before the summer, anticipating a gradual reduction in inflation within the euro zone. This comment comes as the ECB continues to navigate the delicate balance between supporting economic growth and curbing inflation. The ECB's stance on interest rates suggests a cautious approach to monetary policy, as European officials monitor inflation trends before making further adjustments. The PBOC's strategy, on the other hand, represents a more proactive measure to invigorate economic activity through monetary easing. Source : Economy News by Investing.com / Jan 9, 2024