ECB’s Kazaks Doesn’t Dispute Market View of June Rate Cut

Inflation is on the back foot and June may be a good time for the European Central Bank to begin lowering borrowing costs, as investors expect, according to Governing Council member Martins Kazaks.

“Uncertainty is high and here we need to be very cautious — we don’t want inflation to revive — but at the moment it looks like this dragon is pinned to the ground,” Kazaks told LTV Wednesday in Riga, Latvia, where he heads the central bank.