ECB's Wunsch Says Economy May Need Some Support From Rates
European Central Bank Governing Council member Pierre Wunsch said the euro-zone economy may need interest rates at 'mildly supportive' levels to ensure inflation doesn't fall below target after a series of shocks.
With US tariffs denting confidence, strengthening the euro and sending energy costs lower, price pressures will probably turn out weaker than previously anticipated, the Belgian central-bank chief said Tuesday in an interview. Market bets for a deposit rate of just below 2% at year-end are therefore 'reasonable,' he said.
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