Central Banks
ECB Must Be Patient With Further Interest-Rate Cuts, Muller Says
- Estonia’s central-bank governor speaks in interview in Sintra
- He sees risk of underestimating ‘the stickiness of inflation’
Madis Muller
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The European Central Bank can probably lower borrowing costs again before year-end, but shouldn’t rush to do so, according to Governing Council member Madis Muller.
“If the actual outcome ends up being close to our latest projections, then we most likely can further reduce the level of policy restrictiveness this year,” Estonia’s central-bank governor said in an interview in Sintra, Portugal. “When exactly and how much remains to be seen.”