ECB Governing Council member: A 50 basis point rate cut is only necessary if the situation deteriorates significantly
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Odaily Odaily reported that Pat Salides, a member of the ECB Governing Council, said that a 50 basis point rate cut would only be necessary if the situation deteriorated significantly. Inflation is expected to reach 2% earlier than expected, and inflation risks are fairly balanced. Growth faces downside risks, and the ECB can better judge its position in December. (Jinshi)
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