ECB’s Makuch: ECB Has Room to Cut Rates

“BRATISLAVA (Reuters) – The European Central Bank has room to cut base interest rates below the current 0.75 percent if the economic situation warrants it, policymaker Jozef Makuch said on Tuesday.

“When it comes to lowering of interest rates, there is of course mathematically room for that… Whether the ECB will do so will be assessed at its future meetings,” Makuch told reporters as the Slovak central bank published new forecasts.

“It will be based on the current situation and future (economic) outlook… It makes no sense to speculate whether October, November, December.”

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