(Bloomberg) -- The European Central Bank may have to quicken the pace that it lowers interest rates to avoid inflation falling short of forecasts, Governing Council member Mario Centeno told Politico.
“Given the position in which we are today, in the monetary policy cycle, we have really to minimize the risk of undershooting, because that’s the main risk,” Centeno was cited as saying.
- Click here to read full Politico interview, which was conducted before the Federal Reserve cut rates on Wednesday
- Read more: ECB Must Remain Patient to Fully Reach 2% Price Goal, Nagel Says
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