The ECB is ready for a new interest rate cut

The European Central Bank (ECB) intends to continue its policy of lowering interest rates in the near future.

ECB Vice President Luis de Guindos said that the latest data on inflation in the eurozone are positive and show that it is moving towards the 2% target. He stressed that if the ECB's forecasts come true, further monetary policy adjustments beyond what will happen in December or January will become inevitable.

Earlier this year, the ECB had already cut its key interest rate three times, most recently by 25 bps to 3.25%. Currently, policymakers are focused on assessing the extent of future interest rate changes and ways to inform investors about their plans.

De Guindos also noted that inflation in the eurozone has decreased significantly, and all indicators of core inflation show optimistic dynamics. However, according to him, there is still an element of uncertainty in the service sector.