© Reuters. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde speaks to reporters following the Governing Council’s monetary policy meeting at the ECB headquarters in Frankfurt, Germany, January 25, 2024. REUTERS/Kai Pfaffenbach/File Photo
FRANKFURT (Reuters) – The European Central Bank must avoid cutting interest rates too early because that could prolong high inflation and even force the bank to tighten policy again, ECB President Christine Lagarde said on Thursday.
“The last thing that I would want to see is us making a hasty decision (only) to see inflation rise again and have to take more measures,” Lagarde told a parliamentary hearing in Brussels.
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