ECB’s Kazaks Says Any Further Rate Adjustments Won’t Be Big

The European Central Bank will make minor changes to borrowing costs at best as long as the economy develops in line with the most recent projections, according to Governing Council member Martins Kazaks.

With inflation at the 2% target and the region still growing, there’s no need for more forceful action — especially as a lot of the easing enacted since June last year is continuing to feed through to companies and households, the Latvian official said Monday in an interview.