ECB Should Not ‘Autopilot’ Into Rate Cuts, Says Kazaks

The European Central Bank shouldn’t switch to “autopilot” in cutting interest rates following an expected first move next week, according to Governing Council member Martins Kazaks.

A dependence on incoming economic data is “still key,” the Latvian official said Wednesday in a presentation at an MNI Connect conference. “Keep calm, steady hand. Wages-productivity-profit margins to watch carefully.”