ECB Rates Can Be Neutral in 2025 If Inflation at 2%, Kazaks Says

European Central Bank Governing Council member Martins Kazaks said interest rates can be lowered next year to levels that neither stimulate nor restrict the economy — should inflation meet the 2% target.

The remarks are among the first from an ECB policymaker on where borrowing costs may eventually settle, with most members of the Governing Council discussing the prospects of easing for the rest of the year at most.