ECB Can't Rush Rate Cuts Due to Wages, Services Costs: Muller ...
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Ott Tammik, Bloomberg News
The European Central Bank in Frankfurt.
, Bloomberg
(Bloomberg) -- European Central Bank Governing Council member Madis Muller said officials must be cautious on further monetary loosening as wage gains and service-price growth remain elevated.
“For that reason, we can’t rush with lowering interest rates,” the Estonian official said Saturday in Toosikannu, reiterating earlier comments to Bloomberg.
Read more: ECB Must Be Patient With Further Interest-Rate Cuts, Muller Says©2024 Bloomberg L.P.
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