The statements of Philip Lin, chief economist of the European Central Bank, were as follows:-
- I think we managed to reduce inflation in time.
- But politics should remain in the restricted zone.
- Things will be bumpy and things will be gradual.
- But within the restriction zone we can move somewhat downward.
- If inflation clearly approaches the target next year, we can be sure that interest rates will fall even further.
- The impact of the conflict between Russia and Ukraine is still being felt on the continent.
- Central bankers are expected to be boring and it's not wrong, it's a more political job these days.
This once again confirms the interest rate cut at next week's meeting.
