Gernot Nerb
Gernot Nerb
current cut environment fit help interest levels rate rates room terms
In terms of current interest rate levels and inflation, the ECB has room to cut rates and help the upturn, ... I would say that a cut would fit into the environment now.
consumers picking spend starting turned
I think we can say we have turned the corner. Investments are picking up, and consumers are starting to spend money.
appears demand domestic improving retail
Domestic demand appears to be improving significantly, especially in the construction sector, as well as for retail sales, where expectations are very positive.
impact industrial influence interest normally rather
Normally, it doesn't influence immediately the assessment. For industrial companies, the impact normally is rather delayed. They don't look so much at the interest rate.
close economy start talk turning
In our opinion, we're close to the turning point. We can say that the economy is firming, and we can talk of the start of a recovery.
february improving january quarter reached sure
We still think a trough should be reached in the first quarter but to be sure we get a recovery, we should see expectations improving in January or February at the latest.
europe japan lesson safe side sorts unknown
We can find all sorts of differences between Japan then and Europe now. But it's a lesson to us all to be on the safe side of an unknown before one acts.
cut good interest reasons
there are fundamentally good reasons to cut interest rates.