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2025-09-17 00:35:06
[ECB Governing Council member Escriva: Uncertainty lingers, the ECB must remain flexible] ECB Governing Council member Escriva said that although inflation is under control, uncertainty still exists, so the ECB must be ready to take action on interest rates. "We need to be very flexible and ready to move in any direction on monetary policy," Escriva said. "Even if our core assumptions are becoming a reality, it does not mean that the uncertainty has been eliminated." The ECB has hinted that after eight rate cuts in a year, it is not inclined to cut interest rates further. The increase in consumer prices is roughly in line with the 2% target, and visibility into the eurozone economy has improved after Brussels reached a trade agreement with Washington. "Anti-inflation is successful," Escriva said. "Two or three years ago, the situation was complicated. The current interest rate of 2% is reasonable for us."
