European Central Bank policymaker Bostian Fasli stated the following:-
- Interest rates should continue to be reduced by deliberate steps.
- There is no urgent need to discuss not achieving the goal or getting off neutrality.
- Inflation has not yet been defeated, but recent data have been encouraging for further reduction.
- A soft landing with recovery is still the basis, But recent data present some risks that may delay the expected improvement in growth.
As ECB member Holzman stated:-
- A 25 basis point interest rate cut is likely in December.
- But the final decision has not yet been made.
- There is still time before the dividing line changes again.
The ECB will only meet next December 12, so there is still time for the data to convince them again to move at a faster pace, it's all about the data at this stage and we will get a preliminary test with the PMI figures today.
It is worth noting that European Central Bank President Christine Lagarde said on Wednesday that the central bank will need to be careful when deciding on further easing and be guided by incoming data.
