ECB official Dolenc says the bank's easing cycle is likely over.
Slovenia's acting central bank governor Primoz Dolenc told the newspaper Delo that the European Central Bank's rate cuts may have come to an end.
According to a report published on Monday, Dolenc said in an interview that at the most recent Governing Council meeting held in July, the general consensus was that the easing "cycle has ended, and we can take a break now." Dolenc attended the meeting but did not have voting rights.
"From July until now, there has been nothing new that would change this view. We can keep interest rates at their current level because this will ensure we achieve our inflation target in the future," he said.
Since launching the easing cycle a year ago, European Central Bank officials kept rates unchanged for the first time in July, and it is widely expected that next week's meeting will be the same. Given that the inflation rate is near the 2% target and the economy remains resilient, investors are no longer certain there will be another rate cut this year.
This view has become even more entrenched after the European Union and the United States reached a trade agreement. Under the agreement, the United States will impose a 15% tariff on most EU products.
Uncertainty has always been "the biggest issue," Dolenc said. "This agreement removes that uncertainty. That is crucial."
He added that the tariffs will be slightly higher than forecast in June. "But this will not significantly change our estimates of future economic activity, especially inflation expectations," he said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
How much do you have to earn in the crypto world to truly say you've "changed your fate"?
The real risk is not "losing," but "never knowing that you have already won."

NBER | Using Models to Reveal How the Expansion of the Digital Economy is Reshaping the Global Financial Landscape
Research findings indicate that, in the long term, the reserve demand effect outweighs the substitution effect, resulting in lower U.S. interest rates and an increase in U.S. external borrowing.

ETH Takes Center Stage: The True Beginning of the Bull Market’s Second Half
Based on a comprehensive analysis of market structure, capital flows, on-chain data, and the regulatory environment, our judgment is clear: Ethereum is gradually replacing Bitcoin as the core asset in the second half of the bull market.

BTC Strategies in the Era of High-Performance Public Chains: The Transformation of Solana and On-Chain Capital
The competition in the era of high-performance public blockchains is ultimately not just a race for TPS, but about who can build a more vibrant and efficient on-chain economic ecosystem.

Trending news
MoreCrypto prices
More








