Reuters
The European Central Bank would be putting a dampener on the economy even after cutting interest rates twice, but there is no rush to slash borrowing costs, ECB policymaker Mario Centeno said on Wednesday. ECB policymakers have unanimously come out in favour of reducing the policy rate from its current record high of 4% in June, but views diverge on the path beyond as some worry that inflation may prove sticky, as is happening in the United States. "Even after 25 or 50 basis points of cuts we’ll still have a tight monetary policy stance," he said on the sidelines of the International Monetary Fund and World Bank Spring Meetings in Washington.