ECB Governing Council: The recent increase in the risk of negative growth in the euro area has strengthened the reason for the ECB to cut interest rates in September
2024-08-19 22:21:54
ECB Governing Council Member Rehn says manufacturing sector no obvious signs of recoverydesk3cryptocurrencydesktopCrypto News
The European Central Bank's governing council, Rehn, said that there are no clear signs of recovery in the manufacturing sector; industrial production may not be as temporary as expected; and the recent increase in the risk of negative growth in the euro area further strengthens the case for the European Central Bank to cut interest rates at its next monetary policy meeting in September.
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