ECB interest rates ‘close to’ maximum

FILE PHOTO: European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo

BRUSSELS: European Central Bank (ECB) policymakers should be cautious and avoid making big or small moves in the next rate decisions, according to governing council member Yannis Stournaras.

Any decision will be based on data “because we have reached close to the ceiling, close to the maximum increase,” Stournaras said of the ECB meeting in May.