Central Banks
Kazimir Says June More Likely Than April for First ECB Cut
- Acting hastily risks derailing inflation progress made so far
- Slovakia’s central bank chief comments in opinion piece
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The European Central Bank won’t rush into cutting interest rates to avoid undoing progress on inflation, according to Governing Council member Peter Kazimir, who said June is more likely than April for a first move.
“Acting hastily based on short-term surprises without having more clarity about the medium term would be risky,” he said in an opinion piece published Monday. “It could easily derail the progress we have made toward reaching our target.”