The European Central Bank can keep its interest rates steady at 2 per cent for the time being provided there are no major shocks, the new governor of the Austrian central bank told the Financial Times.
“For now, this interest rate cycle has come to its end, or very close to it,” said Martin Kocher said in his first interview to international media since joining the ECB’s top decision-making body this month.
Kocher was speaking after the ECB on Thursday decided to keep interest rates unchanged at 2 per cent for the second meeting in a row, highlighting the resilience of the economy in the euro area despite higher US tariffs on most of the bloc’s goods.