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MNI BRIEF: Logic Says ECB Will Cut In Next Meetings - Escriva

More ECB cuts if data continues to converge on target - BoS head.
BundesbankCentral Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneGermanySpainBriefStory

MNI (LONDON) - If incoming data in the Eurozone continue to converge to the 2% inflation target, “its logic that we will continue to lower rates in the next meetings,” Bank of Spain Governor Jose Luis Escriva said on Friday.

In an interview with an Spanish TV, Escriva said that the Governing Council agreed to continue to have a “gradual approach” with 25 basis points movements that allows a moderate effect on the economy and inflation.

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MNI (LONDON) - If incoming data in the Eurozone continue to converge to the 2% inflation target, “its logic that we will continue to lower rates in the next meetings,” Bank of Spain Governor Jose Luis Escriva said on Friday.

In an interview with an Spanish TV, Escriva said that the Governing Council agreed to continue to have a “gradual approach” with 25 basis points movements that allows a moderate effect on the economy and inflation.

Keep reading...Show less