Central Banks
ECB’s Kazimir Offers Only Real Opposition to Rate Cut Next Week
- Slovak official suggests December may be a better juncture
- Markets and most policymakers are signaling an Oct. 17 move
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European Central Bank Governing Council member Peter Kazimir offered the only real resistance so far to a third cut of the year in interest rates next week — despite that outcome looking more and more assured.
“It’s considered a done deal in the media that rates should be lowered,” Kazimir told reporters in Bratislava. “But I have to say I’m not completely convinced that we should make decisions based on one good number,” he said, referring to September’s dip in inflation to below the 2% target for the first time since 2021.