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ECB's Kazaks stresses need to further combat inflation in region
According to Martins Kazaks, a member of the Governing Council of the European Central Bank (ECB), the battle with inflation in the region is not over yet. However, the Latvian official refrained from commenting on the future course of the regulator's monetary policy.
As he stated, ECB officials will discuss the central bank’s next moves on a meeting-to-meeting basis due to heightened uncertainty triggered by US trade policy and the way the European Union responds.
Currently, the markets are expecting the ECB's borrowing costs to fall. However, Kazaks warned the regulator's officials against pre-judging any particular rate path. He also added that EU services inflation will start to retreat more visibly from March onwards.
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