Central Banks
ECB’s Kazaks Says First-Half Rate Cuts Not Currently Needed
- Pushback comes as investors step up bets on 2024 policy easing
- Latvian central bank head sees inflation path staying ‘bumpy’
Martin Kazaks
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The European Central Bank probably won’t need to lower borrowing costs in the first six months of next year, Governing Council member Martins Kazaks said — pushing back against investor bets for cuts as early as the spring.
Given the current economic outlook and medium-term projection baseline, there’s no need for rate cuts in the first half of 2024, the Latvian central bank chief said Wednesday in a presentation at an MNI Connect investor conference.