The European Central Bank should be cautious about the signal that a second consecutive interest-rate cut in July would send to investors, Governing Council member Pierre Wunsch told Econostream in an interview. “Cutting again in July would be interpreted by markets to mean that we’re going to cut every meeting,” the Belgian central-bank chief was cited as saying. “And that would lead to repricing that might go too far.” The ECB is gearing up for a first reduction in rates at its June 6 meeting, though policymakers are still debating what to do after that. Most have urged to keep an open mind and take decisions based ... (full story)