omniarcade| Bundesbank President Nagel: ECB should wait until September to cut interest rates for the second time

Joachim Nagel, president of the Bundesbank, said that after starting to cut borrowing costs in June, the European Central Bank may should wait until September to cut interest rates again.

The Bundesbank governor held a meeting in Stresa, northern ItalyomniarcadeAt a meeting of G7 finance ministers and central bank governors, they said they should be wary of following up too quickly after the expected interest rate cut next month.

"If we cut rates in June, we will have to wait, and I think it may have to wait until September,"omniarcadeHe said.