Central Banks
ECB Can’t Rush Rate Cuts Due to Wages, Services Costs: Muller
The European Central Bank in Frankfurt.
Photographer: Alex Kraus/BloombergEuropean 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.