Reported 7 months ago
Governing Council member Martins Kazaks suggests the European Central Bank should lower interest rates gradually to prevent inflation from spiking. Kazaks welcomed the recent deposit rate cut but cautioned against rushing further cuts, emphasizing the need to monitor inflation levels closely before taking any more steps. While acknowledging positive economic indicators, such as declining inflation, Kazaks stressed the importance of proceeding cautiously with rate adjustments based on economic performance and inflation trends.
Source: YAHOO