Interest Rates
Premature ECB rate cuts would be costly mistake, IMF warns
Central Bank governor also states that it’s too early to talk of lowering borrowing costs
The European Central Bank (ECB) would risk a costly mistake by loosening monetary policy too soon after pausing its unprecedented tightening campaign, according to the International Monetary Fund (IMF).
“You have to be vigilant and see disinflation through before you go there,” Helge Berger, a deputy director in the IMF’s European department, told a panel discussion in Brussels. “That said, the world may change, and so we’re very happy that central banks such as the ...
