ECB’s Makhlouf sees small upside risk to December growth projection; Data-dependency calls for patience over action
Newsquawk Staff ·
ECB’s Makhlouf sees small upside risk to December growth projection; Data-dependency calls for patience over action.
What it means
The statement from ECB’s Makhlouf suggests a cautious optimism about growth while emphasizing a data-dependent approach. This indicates that while revisions to growth forecasts might be warranted, the ECB is unlikely to rush into policy changes without further economic indicators, impacting market expectations around future rate decisions.
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