11:32 - 15.11.2024

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 November 15, Fineko/abc.az. The European Central Bank (ECB) will continue to cut interest rates as prices approach their target.

ABC.AZ reports that vice president of the European regulator Luis de Guindos.

“The ECB is on track to cut interest rates further as the latest eurozone data show that inflation is on track to reach the bank's 2% target,” he said on Thursday, November 14.

De Guindos also noted that if inflation effectively approaches the target and the ECB forecasts are met, “it is obvious that changes in monetary policy beyond what happens in December or January will be appropriate”.

Last month, the ECB cut its key interest rate by 25 basis points to 3.25%. This is the third decrease this year.