Central Banks
ECB Officials Saw Cutting Interest Rates Too Soon as Bigger Risk
- Remarks part of account of policymakers’ Jan. 24-25 meeting
- Investors are looking for clues on when rates will be lowered
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European Central Bank officials deemed a premature reduction in interest rates a bigger danger than cutting too late, an account of their last policy meeting showed.
There was broad consensus among policymakers convening in Frankfurt that it was too early to discuss lowering borrowing costs, according to the account of the Jan. 24-25 gathering, which was published Thursday.