ECB Governing Council Member Knot: Markets have anticipated the path of interest rate cuts, and we need to see whether it is too optimistic

ECB board member Knott said that the market has anticipated the path of interest rate cuts in advance, and we need to observe in December whether this is too optimistic. If there is an upward inflation risk, policy tightening may be slower. All options on interest rates must be kept open, and decisions need to be made meeting by meeting to retain the flexibility of interest rate selection. Although the current economic situation in the eurozone is not very good, it is not as bad as people say. It is expected that the eurozone will achieve a soft landing and a recession is not expected. (Jinshi)