ECB’s Next Move Could Be to Cut or Hike Rates, Dolenc Says

European Central Bank interest rates are firmly on hold for now and the next step could be a cut or hike, according to Primoz Dolenc, acting governor of Slovenia’s central bank.

With Europe’s economy resilient and inflation stabilizing near 2%, Dolenc said he doesn’t see “major shifts in any direction” to justify changing borrowing costs this month.