ECB officials: May no longer mention "restrictive" in the March policy statement

ChainCatcher news, ECB board member Vujcic stated that the European Central Bank should not guide investors on how far interest rates will fall, but he expects that the debate about the final interest rate will soon intensify, and the ECB may change its wording at the March meeting.

The ECB still describes its policy setting as "restrictive," but another rate cut would bring the deposit rate down to 2.5%, and some policymakers may begin to question whether this rate is still high enough to suppress economic growth. "We are certainly getting closer to discussing when to remove the term 'restrictive,'" Vujcic said. "This could happen at our next meeting, but it will also depend on the upcoming data."