ECB should only cut rates this year, says IMF head

A European Central Bank Only another quarter of the interest rate should be accepted this year, despite the broader risks for economic growth, the head of the International Monetary Fund said on Wednesday.

“We have a very clear recommendation for the ECB. What we have seen so far is a huge success in the effort of disinflation, and the monetary policy has worked … Therefore, we expect that in the second half of 2025 we will stable for inflation purposes,” said the director of the European IMF department.

“Our recommendation is that there is a place for another 25 basic points, in the summer, and then the ECB should hold this 2% political rate if there is no big shocks, and there will be a need for a monetary policy,” he added.

The camera comments came during an interview on the sidelines of the IMF Spring Meetings.

The ECB has reduced the indicators seven times in the quarter point in its last cycle, starting in June 2024. The last step below was last weekTaking a deposit facility, its key rate, up to 2.25%.

Inflation in the eurozone cooled to 2.2% in March.

ECB President Christina Lagard said CNBC On Tuesday interview that the process of disinflation in the euro area was “close to completion”, although emphasized that the risks remained – especially given the uncertain landscape in which American tariffs per machine – And that the Central Bank will “depend on the data to the extreme.”

Cameras told CNBC what the IMF did “The value of lowering” In their views on growth for many developed economies.

For the eurozone camera said Greater Protection and Infrastructure costs in Germany to increase the growth of the block.