ECB policymaker signals willingness to weigh interest rate cuts

Speaking at Davos, Mario Centeno highlighted that consumer price inflation has surprised to the downside

ECB governing council member Mario Centenotold the World Economic Forum in Davos: “We should definitely avoid undershooting inflation.”

The European Central Bank mustn’t let inflation dip below its target, governing council member Mario Centeno has warned — further signalling his openness to consider lowering interest rates sooner than most of his colleagues.

“We need to avoid that — the goal is 2% and we need to carry a policy trajectory that takes us to 2%,” the Portuguese official told Bloomberg Television from Davos. “We should definitely avoid undershooting inflation,” he said.