ECB’s Vasle sees rates much closer to 3% at year-end

European Central
Bank policymaker Bostjan Vasle, Slovenia’s central bank governor, spoke wtih Reuters on the sidelines of the International Monetary Fund and World Bank’s Spring Meetings.

Says

• “We should be much closer to 3% towards the end of the year
  if everything goes according to plan”
• cautioned, though, that he saw “some worrying
  developments in the Middle East”

Vasle’s Governing Council colleague Holzmann highlighted Middle East risks earlier:

• ICYMI – Holzmann says geopolitical risk is the biggest threat to a potential ECB rate cut

This article was written by Eamonn Sheridan at www.forexlive.com.