Reported 6 months ago
Bundesbank President Joachim Nagel suggests that the European Central Bank should wait until September for a potential second interest-rate cut following an anticipated reduction in borrowing costs in June. Nagel emphasized caution in implementing subsequent easing measures too quickly, highlighting the need to wait and analyze the economic situation thoroughly. ECB officials are expected to lower borrowing costs in June, with markets predicting a 60% probability of another cut in September. Nagel's comments come amidst concerns over inflation and wage growth, with the ECB closely monitoring economic indicators before making further decisions.
Source: YAHOO