Open to a March rate cut as inflation recedes

Governor of the Central Bank of Malta and European Central Bank (ECB) Governing Council policymaker Edward Scicluna noted on Thursday that he would be open to beginning rate cuts with euro area inflation receding and the European economy on pace for a soft landing scenario.

Key highlights

• Risks are “everywhere”, but inflation is easing.
• Scicluna warns to be cautious when dismissing the market’s views.
• ECB’s Scicluna: I am open to a March rate cut, as long as inflation continues to fade.
• Europe’s economy is facing a soft landing.