ECB Needs to Remain Cautious and Flexible on Rates, Kazimir Says

The European Central Bank will probably lower borrowing costs further, but must remain flexible and cautious as it’s too early to declare victory over inflation, according to Governing Council member Peter Kazimir.

“Last week’s rate cut undoubtedly moved us closer to our destination, but we’re not quite there yet,” the Slovak central-bank chief wrote in an op-ed published Monday. “We need to keep all options open.”