ECB’s Reinesch: Whole Series of Cuts to Come if Inflation Outlook Materialises
13 September 2024
By David Barwick – FRANKFURT (Econostream) – The European Central Bank is likely to cut rates many more times if the projection of 2% inflation at the end of 2025 remains valid, according to ECB Governing Council member Gaston Reinesch.
In an interview with Luxembourg radio station 100.7, Reinesch, who heads the Central Bank of Luxembourg, said that inflation would follow a ‘very bumpy’ path as it headed for 2%, but that if the ECB’s projection materialised, ‘then, but only then, one can also assume that - let's say in the next 13 months – it will come to a whole series of additional interest rate cuts.’