ECB Governing Council member Negel: no objection to rate cut next week

The European Central Bank may cut interest rates again next week, but easing should remain gradual and cautious, ECB Governing Council member Negel said on Wednesday. ‘Given that the process of disinflation is proceeding largely in line with current expectations, at this stage I would not object if we went ahead with a reduction in the policy rate,’ Negel said on Wednesday. ‘But I will reserve final judgement and will make a decision after reviewing the new macroeconomic projections for December and considering the risks around the baseline.’