Free Trial

MNI BRIEF: ECB Cut On Disinflationary Process Trust-Centeno

(MNI) Rome

The European Central Bank was able to cut interest rates on Thursday as it now has more confidence in the “inflation reduction trajectory,” Bank of Portugal Governor Mario Centeno said earlier Friday, as he added future movements will be decided on a meeting-by-meeting basis.

The disinflation process has been heavily affected by base effects, Centeno said, noting that the ECB remains sensitive to possible bumps in inflation and that current high levels of prudency are good.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.