IMF, rate cut is neither too early nor too fast. "Inflation is returning to target faster than expected" and the slowdown in prices "has fueled expectations of interest rate cuts by the major central banks" The Fund calls on central banks to move cautiously, to monitor inflation developments and "avoid easing too early or too quickly" The ECB is expected to start cutting interest rates in June, but not later.
This was stated by the member of the ECB's governing council Yannis Stournaras speaking in Liverpool.