European Central Bank Governing Council Member Mahrouf: Interest Rate is in a good position

Jin10 data reported on October 15, the European Central Bank Governor Mahrouf stated that given inflation returning to target and the economy well resisting challenges from both within and outside the region, the European Central Bank interest rate remains in a “good position.” This Irish official, participating in the International Monetary Fund annual meeting in Washington, said: “As the process of reducing inflation has become a thing of the past, the European economy shows resilience, inflation is at the position we desire, and we are still in a good position.” Mahrouf stated that although the trade agreement with the United States has reduced uncertainty, its impact will only be seen over time. He mentioned that the downside risks facing the economy include weakened exports, investment, and consumption amid renewed trade tensions, but at the same time, increased government spending and reforms to improve productivity may boost growth.