ECB’s Kazaks: It's quite likely June will be when we start to cut rates

Source Fxstreet
May 20, 2024 07:40

European Central Bank (ECB) policymaker Martins Kazaks, in a Bloomberg interview on Monday, said that “it's quite likely June will be when we start to cut rates.”

Additional quotes

The data-dependent approach has been an appropriate one so far.

Forward guidance is still not a good policy solution given high uncertainty.

Baseline scenario is that we are gradually approaching 2% inflation target.

This means we can start to cut rates.

But process needs to be gradual and we should not rush it.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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