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From the perspective of the monetary authorities at the European Central Bank (ECB), the arguments for cutting interest rates are becoming increasingly stronger in view of falling inflation. At their most recent interest rate meeting, monetary policymakers expressed increasing confidence that inflation would return to the central bank’s inflation target of 2.0 percent in a timely and sustainable manner, according to the minutes of the meeting on March 6th and 7th, which the ECB published on published Thursday.
It is advisable to wait for incoming data and evidence. However, the arguments for interest rate cuts have become stronger.