ECB’s Kazimir Says Rate-Cut Bets for First Half 2024 Misplaced

European Central Bank Governing Council member Peter Kazimir said investor wagers on reductions in borrowing costs before mid-2024 are unrealistic.

“Bets on rate cuts happening already in the first half of next year are entirely misplaced,” the Slovak official said Monday in a statement. “We will have to stay at the peak for the next few quarters.”