ECB Can’t Afford Interest-Rate Cuts Next Year, IMF’s Kammer Says

Giving up on inflation fight too soon could be very costly

Alfred Kammer, the head of the IMF’s European department

Bloomberg 19 September 2023

The European Central Bank will keep interest rates at 4% for as long as needed to tame inflation,

Governing Council member Francois Villeroy de Galhau said — indicating he doesn’t favor future increases at this stage.


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