ECB Won’t Be Guided by US Economy in Setting Rates, Centeno Says
==========
The European Central Bank (ECB) will set monetary policy based on the situation in the euro area and not be influenced by the US economy, according to Governing Council member Centeno. He stated that if the ECB needs to cut rates based on inflation and economic conditions in the euro area, it will do so independently of the actions of the US Federal Reserve. Centeno emphasized that the ECB's decisions are based on the specific circumstances of the euro area and not on what the US does.