Central Banks
ECB’s Kazaks Says Worst Mistake Would Be Cutting Too Early
- Latvian official speaks to Bloomberg TV after rates held at 4%
- Policymakers are converging around mid-year for first rate cut
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European Central Bank Governing Council member Martins Kazaks urged patience in determining monetary policy, warning that the gravest error would be a premature easing that allowed inflation to bounce back.
While interest rates “should start to go down,” barring any major shocks, the ECB should be in no rush to begin the process, the Latvian official told Bloomberg Television’s Maria Tadeo.