Central Banks
ECB’s Kazaks Says Interest Rates Can Be Cut at Next Meeting
- Picture is ‘pretty clear,’ hawkish official tells Latvian TV
- Investors widely expecting rates to be lowered next week
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The European Central Bank can lower borrowing costs at this month’s meeting, according to Governing Council member Martins Kazaks.
“Next week we have the ECB’s council meeting, and to to my mind — looking at the data that we have at available at the moment — we can take the next step in the direction of decreasing rates,” the hawkish Latvian central-bank chief told Latvian TV on Wednesday. “Of course there will be a discussion, as there always is, but for me at this moment this picture is pretty clear.”