Free Trial

MNI BRIEF: ECB Needs Predictable Rate Cut Path As Target Nears

(MNI) LONDON
(MNI) Rome

Bank of Portugal head says ECB should have a predictable path for rate cuts once price stability ensured.

True

The European Central Bank should have "a predictable path” for reducing interest rates “once convergence towards price stability is ensured," Bank of Portugal Governor Mario Centeno said in an economic analysis published on Monday.

This path should, however, still see interest rates levels “far from the times of zero or even negative interest rates,” he said.

Keep reading...Show less
103 words

To read the full story

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.

The European Central Bank should have "a predictable path” for reducing interest rates “once convergence towards price stability is ensured," Bank of Portugal Governor Mario Centeno said in an economic analysis published on Monday.

This path should, however, still see interest rates levels “far from the times of zero or even negative interest rates,” he said.

Keep reading...Show less