ECB's Patsalides: If Dec projections confirm baseline scenario, there is room to cut rates- Approach to rate cuts must be gradual
- But if December projections confirm baseline scenario, there will be room to cut rates
This just reaffirms their current policy path and a very likely 25 bps rate cut next month.
This article was written by Justin Low at www.forexlive.com.
Source: ECB's Patsalides: If Dec projections confirm baseline scenario, there is room to cut rates (https://www.forexlive.com/centralbank/ecbs-patsalides-if-dec-projections-confirm-baseline-scenario-there-is-room-to-cut-rates-20241121/)
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