ICYMI – ECB’s Kazaks says first rate cut likely in June, but spaced out after that

European Central Bank Governing Council member Kazaks (governor of Latvia’s central bank) spoke with Reuters on Thursday:

  • said the ECB is likely to cut interest rates in June

But after that will be slow:

  • “It’s much easier to take decisions when we have the outlook meetings and new projections.”
  • “I think we would benefit from a measured path going down,”
  • “Given that inflation will be moving sideways for most of the year, you should not expect some kind of action at every meeting,”

I posted earlier on the euro and ECB:

Looks like this pic is from Jackson Hole … speaking of which:

This article was written by Eamonn Sheridan at www.forexlive.com. Source