ECB Should Be Cautious on Further Rate Cuts, Stournaras Says

The European Central Bank should proceed carefully with additional cuts in borrowing costs due to the uncertain global environment, Governing Council Member Yannis Stournaras said.

“Markets are pricing in further reductions, but I believe that we should be cautious due to the very high uncertainty that prevails,” the Greek central-bank chief told an event in Athens on Tuesday, according to a transcript of his speech.