ECB’s Cipollone positive about September rate cut
Data “confirms our direction of travel”, board member says
Data collected by the European Central Bank (ECB) is pointing towards a September rate cut, board member Piero Cipollone told Le Monde on September 4.
Although he did not commit to a monetary policy path, Cipollone cautioned against a “real risk” that the ECB’s stance would become “too restrictive”, as a delay in easing policy could put Europe “at a serious disadvantage”.
The ECB held rates at its most recent meeting in July, having been one of the first major central banks to cut them. At its
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