EBC likely to cut interest rates as inflation eases – Guindos

The European Central Bank (ECB) vice president Luis de Guindos assured that the EBC will cut interest rates sooner or later given recent encouraging inflation evolution in the euro zone, Bloomberg reported on Monday.

Guindos said “I’m optimistic about inflation performance, even about core inflation.” He also added that the institution would cut rates “when are sure that inflation meets our two per cent goal.”

The ECB is on the right path to defeating inflation as the increase in the deposit rate to a record four per cent has already played a very significant role in moderating underlying inflation, the French central banker said.