Wednesday, October 9, 2024 - 2:54 pm
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Elderson warns weak growth would impact inflation

Frank Eldersonmember of the European Central Bank (ECB) and vice-president of its supervisory board, warned this Tuesday that the weakness of economic growth in the eurozone could force the ECB to revise its forecasts inflation.

“Several recent indicators suggest that downside risks weigh on the economic growth “They are already materializing, so we will need to carefully evaluate whether this has implications for our inflation outlook,” Elderson said.

In addition, Elderson also indicated that officials of the monetary policy The ECB president will attend the next meeting on October 17 with an “open mind” about the decision to be made, and the Dutchman expects an “open and very lively debate.”

On this issue, he stated that for this appointment they will already be “familiar” with the datawhich will allow the issuing institute to lower rates or not with full knowledge of the facts and in accordance with its policy of acting “meeting by meeting”.

Likewise, Elderson said that if the projections are confirmed, average inflation will converge with the 2% target For the second half of 2025, the currently restrictive tone of the silver price will continue to ease.

Source

MR. Ricky Martin
MR. Ricky Martin
I have over 10 years of experience in writing news articles and am an expert in SEO blogging and news publishing.
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