Gabriel Makhlouf cautions against hasty decisions on rate cuts

The Governor of the Central Bank of Ireland wrote: 'The history of monetary policy tells us that rushed decisions tend to be wrong decisions'

Gabriel Makhlouf, Governor of the Central Bank of Ireland, said: 'Given the continued disinflation we have seen and progress on underlying inflation, it’s becoming clear that there is scope for a change in our monetary policy stance'. Picture: Leah Farrell / © RollingNews.ie

The European Central Bank should be able to make a decision on interest rates in June, according to Governing Council member and governor of the Central Bank of Ireland, Gabriel Makhlouf.

“The history of monetary policy tells us that rushed decisions tend to be wrong decisions,” he wrote in a blog post on Friday.