Lates News

Fabio Panetta, a member of the Executive Board of the European Central Bank, hinted that inflation has been effectively controlled, warning that further interest rate cuts should be carefully weighed. Panetta expressed appreciation for the progress policymakers have made in combating inflation, but also cautioned that the decision to continue lowering interest rates will not become easier from now on. "The decrease in inflation has not had a significantly serious impact on the economy and is now coming to an end," Panetta said during his annual speech to the elite of the Italian financial sector in Rome. "Previous interest rate cuts have clearly reduced the room for further cuts in the future. However, the macroeconomic outlook remains weak and trade tensions could lead to further deterioration."