ECB Stewardship Councilor Nauert: Markets Have Anticipated Rate Cut Path Ahead of Time, Need to Watch for Overoptimism

ECB Governing Council member Nott said that the market has anticipated the path of interest rate cuts in advance, and we need to watch in December to see if this is overly optimistic, that policy tightening may be slower if there are upside inflation risks, that it is important to keep all options regarding interest rates open, and that decision-making needs to be taken on a meeting-by-meeting basis in order to retain the flexibility of interest rate choices, and that the current eurozone economic situation is not very good, but it is not as as bad as people say, a soft landing is expected in the euro area, and a recession is not expected.