Stournaras Sees First ECB Cut in June Even as 2% Target in Sight

The European Central Bank won’t have enough information to decide on interest-rate cuts until June — even as inflation seems to be on track to reach the 2% target this year, according to Governing Council member Yannis Stournaras.

Already moving in April is an option only if data surprise, Stournaras said in an interview in Ghent, Belgium, where he’s attending a meeting of European finance ministers and central bankers. Policymakers will make absolutely sure they don’t act prematurely and jeopardize the progress they’ve achieved to date, he added.