Central Banks
Nagel Says ECB Should Wait for September for Second Rate Cut
- Officials should stay on hold after any move in June, he says
- Bundesbank chief comments in Bloomberg Television interview
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The European Central Bank should probably wait until September for any subsequent interest-rate cut after it begins reducing borrowing costs in June, Bundesbank President Joachim Nagel said.
Speaking with Bloomberg Television, the hawkish German monetary chief cautioned against following up next month’s prospective easing too quickly.