Central Banks
Lagarde Says ECB Cut Doesn’t Put Rate on ‘Linear Declining Path’
- ‘There might be periods where we hold rates again,’ she says
- President speaks in interview with various European newspapers
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The European Central Bank must stay cautious, and last week’s cut in borrowing costs won’t necessarily be followed by further rapid moves, according to President Christine Lagarde.
“We’ve made the appropriate decision, but it doesn’t mean interest rates are on a linear declining path,” she said in an interview with leading European newspapers. “There might be periods where we hold rates again.”