The European Central Bank could gradually reduce interest rates as inflation falls, Italian central bank Governor Fabio Panetta said on Wednesday, arguing that much of the recent concern about sticky services costs is overblown. The ECB cut rates for the first time in June but has made no explicit commitment about a follow up move, even if policymakers are clear that further cuts are in the pipeline and only the timing is up in the air. "The current macroeconomic picture is consistent with a normalization of the monetary stance," Panetta said in Helsinki.
Gershkovich was seen standing in a glass box, wearing an open-necked shirt and with his arms folded.
The man was held in north London on Wednesday on suspicion of harassment and offences under the Online Safety Act.