“I do think it would be premature to come to conclusions as to exactly what it is that the new U.S. administration is going to do, and to start making decisions based on that assumption,” Makhlouf told reporters on Monday.
Makhlouf added that it would be going a bit far to say an ECB interest rate cut next month is “in the bag” and that the evidence would need to be “pretty overwhelming” to consider a 50-basis-point cut at the Dec. 12 meeting.
Source: Economy - investing.com
