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The Independent UK
The Independent UK
National
David McHugh

With inflation down, people are talking rate cuts. The European Central Bank may say not so fast

Copyright 2023 The Associated Press. All rights reserved

The inflation plaguing European shoppers has fallen faster than expected. The economy is in the dumps. That has people talking about interest rate cuts by the European Central Bank, perhaps as soon as the first few months of next year.

No rate move is expected at the bank's policy meeting Thursday, and analysts say ECB President Christine Lagarde is highly unlikely to confirm any plans to cut. She may even warn that it’s too early to declare victory over inflation despite how it's improved.

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