(Bloomberg) The European Central Bank won’t rush into cutting interest rates to avoid undoing progress on inflation, according to Governing Council member Peter Kazimir, who said June is more likely than April for a first move.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetEvergrande Set for Liquidation as China Property Crisis Drags OnTrump Cash Stockpile at Risk From $450 Million Dual VerdictsHouthi Hit on Russian Fuel Has Traders Recalculating RisksS
FILE PHOTO: Then-Slovak Finance Minister Peter Kazimir attends the Asian Financial Forum in Hong Kong, China, January 15, 2018. REUTERS/Bobby Yip/File Photo
ECB chief economist Philip Lane said that his baseline is for the financial market turmoil to dissipate and then rates would need to rise several times