The European Central Bank building in Frankfurt: its governing council will consider the interest rate outlook this week The governing council of the European Central Bank meets this week amid clear indications that inflationary pressures are easing. The latest euro zone inflation data shows a fall in the annual rate to an estimated 2.4 per cent, heading towards the ECB’s 2 per cent target level. The case to start cutting interest rates from their current high levels is building fast.
The ECB risks moving too slowly, particularly given the emerging weakness in the big euro zone economies, and notably in Germany. The difficulty for the ECB is that it takes time for interest rate changes to have an impact and so the full economic consequences of the sharp rise in interest rates is not yet clear. But the risks have changed – inflation now looks to be under control.
Inside historic west Cork home of the creator of The Irish RM: ‘I always knew we’d end up living here’ Building techniques from the past: ‘We wanted to use a thousand-year-old technology to test a contemporary idea’Given that it looks likely to leave interest rates where they are this week, there is a strong case for the ECB to signal clearly after its meeting the strong likelihood of a cut in June.
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Source: IrishTimes - 🏆 3. / 98 Read more »