Central Banks
ECB’s Kazaks Warns Against Hasty Interest-Rate Cuts After June
- Data-dependence has served ECB well amid high uncertainty
- Governing Council member speaks in Bloomberg Adria interview
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The pace of European Central Bank interest-rate cuts must match the gradual slowdown of euro-area inflation, according to Governing Council member Martins Kazaks.
June seems the right moment to start lowering borrowing costs, but decisions on any subsequent steps are best determined by incoming data, the Latvian official told Bloomberg Adria in an interview.