ROME, Jan. 17 (Xinhua) -- Stubbornly high inflation may put on hold any plans for near-term interest rate cuts in Europe, Christine Lagarde, the president of the European Central Bank (ECB), said in an interview with Bloomberg News Wire on Wednesday.
Speaking from the World Economic Forum in Davos, Switzerland, she cautioned against hasty rate cuts for fear of causing inflation rates to rise again, arguing that the economic risk of cutting rates too quickly was greater than the risk of leaving them too high.
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