Centeno insists the ECB must release more money into the eurozone economy

Mario Centeno argues that weak eurozone demand and GDP necessitate further ECB interest rate cuts. He believes the current rates cannot support a stable inflation environment, as GDP remains below potential, indicating economic fragility.

Centeno’s call for action comes just before the significant ECB meeting on July 24, with uncertainty surrounding his future role. His comments highlight the necessity for more stimulus amidst a fragile economic landscape defined by insufficient growth.

Christine Lagarde’s recent visit to Kyiv underscores the importance of enhancing EU trade ties to mitigate potential economic shocks. She emphasizes that deepened regional connections will help shield the eurozone from external vulnerabilities.