- ECB’s Kazaks: It's quite likely June will be when we start to cut rates
Market news
20 May 2024
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.
Market reaction
EUR/USD keeps its range at around 1.0875 on these above comments, marginally higher on the day.
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