Central Banks
ECB’s Best Policy Choice Is Measured Rate Cuts, Muller Says
- ‘I’m not worried about falling behind the curve,’ he says
- Estonian central-bank chief speaks in Washington interview
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The European Central Bank should stick to lowering borrowing costs at a gradual and measured pace, Governing Council member Madis Muller said, pushing back against suggestions by some of his colleagues to consider bigger steps.
“With increased confidence in reaching our target it makes sense for us to keep gradually cutting interest rates, moving at a measured pace,” Muller said in an interview in Washington. “I’m not worried about falling behind the curve.”