ECB”s Centeno: Inflation is controlled

European Central Bank (ECB) policymaker Mario Centeno said on Friday that “inflation is controlled.”

Additional quotes

Inflation today is very close to 2%.

The dynamic of the labour market is cooling a little bit.

Oct 4, 2024

Italy Public Deficit/GDP down to 3.4% in 2Q from previous 8.8%

BoE’s Pill: Need for caution points to a gradual withdrawal of policy restriction

Bank of England (BoE) Chief Economist Huw Pill said in a scheduled appearance on Friday that there is an “ample reason for caution in assessing the dissipation of inflation persistence.” Pill added that the “need for such caution points to a gradual withdrawal of monetary policy restriction.” Additional comments Further cuts in bank rate remain in prospect but it will be important to guard against the risk of cutting rates either too far or too fast.