ECB Can Cut Rates When Clear Inflation Beaten, Kazaks Tells TV3

The European Central Bank can reduce borrowing costs once it’s sure that consumer-price gains are headed back to the 2% target, according to Governing Council member Martins Kazaks.

“This decision right now to keep rates at current levels is to be really convinced inflation won’t rise again,” Kazaks told Latvia’s TV3 Wednesday, citing upside risks including the Middle East tensions and the war in Ukraine.