16 July
ECB’s Martins Kazaks sees possibility for another cut in interest rates
European Central Bank (ECB) Governing Council member Martins Kazaks supports further reduction in borrowing costs, yet urges caution in monetary easing.
The official highlights the need to consider new data when setting interest rates at the regulator’s next meeting in June. However, Kazaks believes another reduction in borrowing costs is a likely move given the current state of the European Union economy.
Besides, the official highlights the tendency for the region’s inflation to decline to around 2%. In case the consumer price index remains close to this level, the ECB may move to gradual and cautious monetary easing.
Earlier, Joachim Nagel and Jose Luis Escriva, Kazaks’s German and Spanish counterparts, had claimed the European regulator should be careful in making rate decisions due to uncertainty over US tariff policy.
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