ECB keeps all options open for December’s rate meeting – Kazimir

The European Central Bank (ECB) remains flexible ahead of its final 2024 meeting, said Governing Council member Peter Kazimir on Monday, emphasising that disinflation is on a “solid footing” and further rate cuts are possible.

Kazimir stated in an op-ed that the ECB’s decision to lower rates in October leaves “all options on the table” for December.

The ECB recently reduced interest rates for the third time this year to support the region’s struggling economy. Officials, including Lithuania’s Gediminas Simkus and Latvia’s Martins Kazaks, signalled that borrowing costs could be lowered further if the downward inflation trend continues.

Kazimir added that more data on service prices and wage growth would be crucial to confirm a sustainable return to target inflation levels.

Attribution: Bloomberg

Subediting: Y.Yasser