16 July
Kazaks: realization of EU baseline scenario to curb inflation may accelerate completion of rate cuts
European Central Bank Governing Council member Martins Kazaks stated that interest rate cuts are nearing their conclusion, provided the baseline scenario of inflation stabilizing at 2% materializes in coming months.
However, Kazaks emphasized the need of examining alternative inflation-control scenarios and expressed the ECB officials’ willingness to take necessary measures regardless of the US-influenced trade uncertainties affecting consumer prices.
The official added that if an inflationary or deflationary risk scenario is realized, the ECB monetary policy will be adjusted accordingly.
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