Free Trial

MNI BRIEF: "Far, Far Too Soon" For ECB Rate Cuts - Makhlouf


It is "far, far" too early for the European Central Bank to talk about cutting interest rates in the eurozone and it may even be too soon to take further hikes off the table, Irish central bank Governor Gabriel Makhlouf said Wednesday.

Speaking on a panel in Dublin, Makhlouf said recent warnings from the International Monetary Fund not to declare victory too soon should be heeded. However, he acknowledged inflation is on a downtrend and that hopefully central bankers could look to a period of rate stability. New projections at the ECB's December meeting will be key, he said.

Makhlouf's comments echoed those earlier Wednesday from Belgian national bank head Pierre Wunsch.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

To read the full story



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.