ECB Rate-Cut Talk Is ‘Clearly Premature,’ Guindos Tells Finance

European Central Bank Vice President Luis de Guindos said any talk of lowering borrowing costs in the coming months is too early, citing continued upside risks to inflation.

“We will see how things evolve month by month, but our approach now is to keep interest rates at this level long enough to reach our target,” Guindos told Slovenia’s Finance newspaper in an interview published Thursday. “Any discussion about lowering interest rates is clearly premature.”