Weidmann Says ECB Would Only Cut Rates If Data Worsen
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European Central Bank Governing Council member Jens Weidmann said the bank would only cut interest rates if economic data worsen.
“We didn’t change interest rates at our last meeting as they are currently appropriate and in accordance with our assessment of economic developments, price stability and our monetary analysis,” Weidmann, who heads Germany’s Bundesbank, said today at a press conference in Washington. “Of course, we will reassess the adequacy of the rates if the data change.”