Europe’s central bankers are trying to get out of the shadow of the United States.
Now, European Central Bank policymakers are emphasizing how much the inflation problem has eased in the eurozone.
All week, Europe’s policymakers reiterated their growing confidence that high inflation was dissipating in the eurozone and that their 2 percent inflation target was in sight.
The E.C.B., which sets interest rates for all 20 countries that use the euro, has signaled it could cut rates at its next policy meeting in early June.
“We’re clearly in a disinflation process,” said Gabriel Makhlouf, governor of Ireland’s central bank and one of the 26 members of the E.C.B.’s governing council.
Persons:
“ We’re, ”, Gabriel Makhlouf
Organizations:
European Central Bank, International Monetary Fund, World Bank
Locations:
United States, Washington, Ireland’s, U.S