Joachim Nagel, president of the Bundesbank, said that after starting to cut borrowing costs in June, the European Central Bank may should wait until September to cut interest rates again.
The Bundesbank governor held a meeting in Stresa, northern ItalyplaytoearncryptogamesoniphoneAt a meeting of G7 finance ministers and central bank governors, they said they should be wary of following up too quickly after the expected interest rate cut next month.
"If we cut interest rates in June, we have to wait, and I think it may have to wait until September," he said.