ECB may wait out the summer before another rate cut, governing members suggest

Central Bank of Ireland governor Gabriel Makhlouf went as far as suggesting that the ECB might not carry on with further loosening policy at all

ECB president Christine Lagarde: September is a key month for the decision to cut interest rates as inflation drops. Picture: AP 

The European Central Bank’s (ECB) September policy meeting will be key for officials to determine whether to cut interest rates again, according to governing council member Peter Kazimir.

The Slovak central bank chief implicitly ruled out July, saying that he and his colleagues will need more data and time to assess the price risks to the economy.