ECB’s Kazimir: Premature Rate Cut Worse Than Holding Too Long

Cutting interest rates too soon would be much worse than leaving them where they are for too long, according to European Central Bank Governing Council member Peter Kazimir.

“The policy mistake of premature easing would be more significant than the risk of staying tight for too long,” the Slovak official said Monday in a statement. “Prudence is the key. We’re closely watching the economic indicators but will not make hasty moves. This isn’t the time to relax our vigilance.”