European Central Bank Vice-President Luis de Guindos said on Wednesday that he thinks the staff December projections won't be very different from September. He added that he sees the Eurozone's growth to be weak in the fourth quarter.
The official also expressed the view that December is too soon to consider tariff impacts, the first impact of which is higher inflation.
In addition, de Guindos noted that the discussion about the neutral rate is theoretical and that the policy trajectory is more important than the size of cuts.
The policymaker also said that inflation is going in the right direction but services inflation remains the main problem. He added, however, that the ECB is becoming more confident about meeting the 2% target.
De Guindos also stressed that he is to follow a data-dependent, meeting-by-meeting approach.