Interest Rates
Premature ECB rate cuts ‘would be worse’ than delaying them, economists say
In a survey, respondents now predict three, rather than four, rate cuts this year
Lowering interest rates prematurely would be a worse mistake for the European Central Bank (ECB) than reducing them too late, according to a survey of economists who see one fewer cut now in 2024.
Almost two-thirds of respondents reckon moving too hastily to reverse the barrage of rate hikes enacted to tame inflation would carry greater dangers than waiting too long, a sentiment voiced by several members of the bank’s governing council.
Like they did ...
