ECB Governing Council Member Emphasizes Reasons for September Rate Cut
Publication Time:2024-08-20 06:27:05
ECB Governing Council member Laine recently stated that the rising negative growth risk facing the Eurozone has increased the impact on its monetary policy. He pointed out that there were no clear signs of recovery in the manufacturing sector, and industrial production had not recovered as expected but may be in an even longer period of depression. This series of situations further strengthens the reasons for the European Central Bank to take rate cut actions at the upcoming September monetary policy meeting. Laine's remarks show that in the face of uncertainty in the Eurozone economy, the European Central Bank is actively adjusting strategies to cope with potential economic downturn pressures.
rate cut
European Central Bank
September meeting
Eurozone Economy
Negative Growth Risk