off-the-wire

ECB's Makhlouf: Premature to make decisions based on new U.S. administration

Kitco Media
By Reuters
Published:
Updated:
Reuters
ECB's Makhlouf: Premature to make decisions based on new U.S. administration teaser image

DUBLIN, Nov 18 (Reuters) - European Central Bank policymaker Gabriel Makhlouf said it would be premature to start making decisions on what a new U.S. administration might do when asked if Donald Trump's election moves the dial on his thinking on inflation.

"I do think it would be premature to come to conclusions as to exactly what it is that the new U.S. administration is going to do, and to start making decisions based on that assumption," Makhlouf told reporters on Monday.

Makhlouf added that it would be going a bit far to say an ECB interest rate cut next month is "in the bag" and that the evidence would need to be "pretty overwhelming" to consider a 50-basis-point cut at the Dec. 12 meeting.

Reporting by Conor Humphries, writing by Padraic Halpin; editing by Sarah Young

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.