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Notizie economiche
14.05.2024

ECB's Governing Council member Wunsch: ECB's first half of a percentage point in interest rate cuts is close to a no-brainer

European Central Bank Governing Council member Pierre Wunsch said on Tuesday that the ECB's first half of a percentage point in interest rate cuts is close to a no-brainer. 

However, the official stressed that the ECB's policymakers should proceed gradually after cutting in June and refrain from committing to a second rate cut already in July. 

Also, Wunsch warned that high rates for longer from the U.S. Federal Reserve might lead to a slower pace at which the ECB cuts rates.

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