ECB's Patsalides Sees Bigger Cut Unwarranted Now: Econostream
European Central Bank Governing Council member Christodoulos Patsalides doesn't see a bigger interest-rate reduction as needed at the moment, according to Econostream Media.
'A 50 basis-point cut would only be justified if the risks of recession within the euro area were to intensify, leading to more pronounced cyclical disinflationary pressures,' the Cypriot central-bank chief was cited as saying in an interview published Tuesday. 'However, this is not a highly probable scenario.'
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