Senior officials of the European Central Bank have spoken intensively at the global central bank annual meeting, with a growing call for interest rate cuts in September.
Several officials from the ECB's Monetary Policy Committee have recently proposed the reason for further easing monetary policy at the September meeting. According to a recent survey by economists, the eurozone's inflation rate in August is expected to drop to 2.2%, unexpectedly rising to 2.6% in July. European Central Bank policymakers are increasingly concerned about economic growth.
European Central Bank Governing Council Member Centeno: Rate cut decision in September was easy to make
Mario Centeno, a member of the European Central Bank Council, said that the decision to lower interest rates by the European Central Bank next month is straightforward. The governor of the Portuguese central bank said on Friday at the Jackson Hole Global Central Bank annual meeting: "Of course, the most likely measure for monetary policy is to continue lowering interest rates." "September - very easy," he said. "October will be an interesting meeting. It always depends on the data. Not data points, but data trajectories. We don't look at data points, we look at data trends." In less than three weeks, officials must decide whether inflation in the euro area has eased enough to allow for another interest rate cut. In July, euro area inflation
Is a rate cut in September a sure thing? European Central Bank officials are reportedly close to reaching an agreement.
① According to media reports, European Central Bank decision-makers are close to reaching a consensus on interest rate cuts in September, and it will only be delayed if there are major unexpected data in the coming weeks; ② The market currently believes that the possibility of an interest rate cut in September exceeds 90%, and it is expected that there will be at least one more interest rate cut in the remaining time this year, followed by a steady reduction in 2025.
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