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:

• A move of EUR/USD to 1.10 looks ‘premature’

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

• Kansas City Federal Reserve announce August 22 – 24 for the Jackson Hole symposium dates

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