BERLIN -- If inflation in Europe slows to its 2% target earlier than expected, then the European Central Bank can continue to justify "reducing rates in a gradual manner," National Bank of Belgium Gov. Pierre Wunsch told Nikkei in a recent interview.
The ECB cut key interest rates for the second time in a row at its October meeting, bringing the deposit rate to 3.25%. With the eurozone facing greater economic uncertainty, there had been speculation that the ECB could decide on a cut of 50 basis points at its next policy meeting on Dec. 12.
