Kazaks Says Market Bets of 1-2 ECB Cuts Consistent With Baseline

Expectations that the European Central Bank will cut interest rates one or two more times this year seem “quite reasonable,” Governing Council member Martins Kazaks told CNBC in an interview.

Policymakers should take time to assess euro-area inflation data as it arrives, Kazaks said, adding that price pressures are expected to move sideways in the coming months.