ECB’s Escrivá: It is logical to have further rate cuts in upcoming meetings

  • Rate cuts are to continue should baseline projections hold
  • The idea that prevailed yesterday was to keep at it with 25 bps rate cuts
  • European economy’s lack of dynamism is a challenge

This just echoes all the remarks from his peers from earlier today. Escrivá is fairly new to the scene as he was just recently appointed Bank of Spain governor and took office in September.

This article was written by Justin Low at www.forexlive.com. Source