Governing Council Discusses Rate Cut

This is a Washington news story, published by CNBC, that relates primarily to Karen Tso news.

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monetary policy

CNBC

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Inflation undershoots to jumbo cuts: What 10 European Central Bank members said this week

Summary

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85% Informative

A slew of Governing Council members spoke to CNBC 's Karen Tso at the International Monetary Fund's annual meeting in Washington , D.C. this week .

We asked them about the inflation outlook, the chances of a jumbo 50 -basis-point interest cut in December , and more.

On inflation: "Victory is in sight, but we shouldn't be complacent here".

On the economy: "I think we have both good news and worse news from Europe " On rate cuts: "The direction is clear. We are continuing the rate-cutting cycle. The speed and scale of rate cuts depends on the incoming data," he says.

"I'm completely open to any discussion in December . Personally, I don't know what the decision will be".

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informal

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English

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