ECB’S CIPOLLONE: ECB HAS ROOM TO LOWER RATE SWIFTLY DESPITE WAGE REBOUND

European Central Bank (ECB) Executive Board member Piero Cipollone, in a scheduled speech on Wednesday, said that the ECB has room to cut interest rate swiftly despite wage rebound.

Additional quotes

A recovery in salaries is needed for Europe’s struggling economy to regain some momentum.

So far from neutral rate that there is room to adjust.