ECB’s Vasle: Further Rate Cuts Possible in 2024 If Data Allow it

13 June 2024

By Aurėja Bobelytė – VILNIUS (Econostream) – More interest rate cuts are likely this year as long as the data allow it, European Central Bank Governing Council member Boštjan Vasle said Thursday.

In an interview with Slovenian business news portal Finance, Vasle, who heads the Bank of Slovenia, said, ‘If the baseline scenario is realized and the data are favourable, then we can probably expect further rate cuts already this year, and then also next year’.

If the data were not in favour of a reduction of interest rates, ‘it would be appropriate to wait some more time with further steps’, he said.