Investing.com -- European Central Bank (ECB) Vice President, Luis de Guindos, expressed optimism about the ongoing phase of interest rate cuts in an interview set to be published in Austria’s Die Presse newspaper on Saturday.
The ECB has reduced interest rates seven times within the past year, including last month. The bank has also expressed concern over the potential negative impact of U.S. tariffs on economic growth, which could lead to further policy easing in the upcoming months.
When questioned about the duration of the interest rate cuts, de Guindos responded, "It depends on how inflation develops. But we can be optimistic here." He further mentioned that, according to the ECB’s recent forecasts, inflation is expected to align closely with their 2% target by the end of the year.
This statement was made public on Friday in an online edition of the interview. The full conversation is scheduled to be published in the Saturday edition of Die Presse. The ECB’s response to U.S. tariffs and their potential impact on economic growth is being closely monitored by global markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.