Thursday, January 22, 2026 at 1:27 PM
Some policymakers at the European Central Bank discussed the possibility of further lowering borrowing costs during the December meeting, although the key rate was ultimately left unchanged at 2%.
Officials said they are unable to predict the timing and direction of the central bank’s next rate move.
Officials offered little clarity on when cuts might resume. Two governors favored a rate reduction.
Officials, who are meeting this week, are divided over when the inflation data will justify further reductions.
Speaking at an economics conference in suburban Boston, Bowman said that even after three quarter-point rate cuts in late 2025, the Fed’s interest-rate setting is still “moderately restrictive,” meaning that Fed policy is still leaning against inflation and economic growth.
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