ECB's Elderson: we are not yet done easing policy

FILE PHOTO: European Central Bank Executive Board member Frank Elderson attends an economic conference in Nicosia, Cyprus November 21, 2024. REUTERS/Yiannis Kourtoglou/File Photo
FRANKFURT (Reuters) - The European Central Bank is not yet done lowering interest rates, but the timing and size of any future policy easing is not yet certain, Dutch newspaper Het Financieele Dagblad quoted ECB board member Frank Elderson as saying on Friday.
"If we lower the interest rate too quickly, dialling down services inflation sufficiently could become complicated," Elderson said. "On the other hand, if we keep interest rates too high for too long then we risk undershooting our target."
"The markets don’t think we’ve finished easing now that we’re at 3% and I don’t think we have, either," Elderson said. "Setting interest rates is ultimately a question of how fast and how much."
(Reporting by Balazs Koranyi; Editing by Hugh Lawson)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Baidu says AI model Ernie free from April
- Paramount channels, including CBS and Nickelodeon, to go dark on YouTube TV
- El Salvador to house minors convicted of organized crime in adult jails
Create E-mail Alert Related Categories
ReutersRelated Entities
European Central BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!