2024-04-12 12:38:51
European Central
Madis Mueller, a member of the European Central Bank, said today, Friday, that the monetary policy authorities in the European Central Bank are expected to take a facilitative approach towards interest rates during the month of next June, indicating that the overall increase in prices may show that it is appropriate to make the first cut. .
Mueller added that the stability of economic data and expectations since the policy committee meeting last March can be considered a positive indicator as an indication that there are no major tremors, allowing economists to predict future trends in economic data with reasonable accuracy.
At the same time, the European policymaker stressed that inflation continues to slow and there are growing signs that the euro zone economy is gaining vitality. However, Mueller stressed that bankers will need to see more reliable data on rising service prices and increasing average wages, before cutting prices. Benefit.
It is noteworthy that earlier, a member of the European Central Bank, Kazakhs, said that the European Central Bank will reduce interest rates in June 2024, if nothing surprising happens regarding economic data and inflationary risks in the euro zone.
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