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

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.