ECB’s Stournaras Backs Rate Pause With Cuts Nearly Done

The European Central Bank should take a break from lowering interest rates to give officials a chance to assess recent shocks, particularly from trade, according to Governing Council member Yannis Stournaras.

“Now the best thing is wait and see,” the Greek central-bank chief told Bloomberg Television. “It’s nearly done but with such uncertainty worldwide you can never say it’s done.”