Europe will be in trouble if the European Central Bank and the Federal Reserve do not lower interest rates, warns Edward Scicluna.

The euro zone’s economy could suffer if interest rates are not lowered in both Europe and the US, warns European Central Bank member Edward Scicluna. He believes that if rates are not cut and the US adopts a more restrictive monetary policy, it would negatively impact the euro area economy. While there are signs of recovery, output in the bloc remains fragile. Lower borrowing costs offer hope, but concerns about delayed action by the Federal Reserve and tensions in the Middle East have policymakers on alert. Scicluna suggests that if inflation remains low, more forceful action should be taken. You Can Read Full News By Clicking On Below Link.

read more at Hindustan Times