The European Central Bank (ECB) Governing Council member Klaas Knot said on the weekend that he expects to begin lowering borrowing costs in June, even though it’s premature to say inflation has been defeated.
The European Central Bank Governing Council member Klaas Knot said that he expects to begin lowering borrowing costs in June, even though it’s premature to say inflation has been defeated.He further stated that it was rare for rate hikes as the ECB has carried out and did not hurt the economy and that inflation had remained low without triggering a recession. Key quotes “I personally penciled in June to start cutting rates,” “Where we take it from there is data dependent.
Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. What is Quantitative Easing and how does it affect the Euro? In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions.
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