ECB says jury still out over further rate cuts

ECB executive board member Benoît Coeuré said policy makers may not cut interest rates further as confidence in the eurozone’s economic outlook is improving and inflation remains high.

“At the current juncture, the jury is open as to whether there should be another rate cut,” he said.

“It’s not absolutely obvious that another rate cut would be necessary in light of recent economic indicators and in light of inflation developments.