ECB Governing Council member warns against hasty interest rate cuts after June, advocating for a gradual approach based on data.
ECB's Governing Council member Martins Kazaks warned against hasty interest rate cuts after June, stating that decisions should be based on incoming data. June is seen as the right time to start lowering borrowing costs, but any further steps should be carefully determined. Kazaks emphasized a gradual approach, as the ECB aims to gradually approach its 2% inflation target and reduce rates accordingly.
May 20, 2024
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