Latest news with #ChristodoulosPatsalides
Bloomberg
6 days ago
- Business
- Bloomberg
Euro Zone Is Resilient Despite Trade Woes, ECB's Patsalides Says
The euro area is weathering current geopolitical challenges, according to European Central Bank Governing Council member Christodoulos Patsalides. 'The euro-zone economy appears resilient, despite difficulties internationally,' the Cypriot central bank chief told Politis newspaper in an interview published Sunday. 'Nevertheless, the environment remains uncertain, mainly due to trade tensions.'
Bloomberg
27-05-2025
- Business
- Bloomberg
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.'
