German central bank governor Joachim Nagel saidhouseoffun200freespinsAfter starting to cut borrowing costs in June, the European Central Bank may should wait until September to cut interest rates again.

The Bundesbank governor told a meeting of G7 finance ministers and central bank governors in Stresa, northern Italy that caution should be exercised against following up on expected interest rates too quickly next month.

"If we cut rates in June, we will have to wait, and I think it may have to wait until September,"houseoffun200freespinsHe said.