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European Central Bank (ECB) Governing Council member Martins Kazaks suggests a cautious approach to interest rate cuts, emphasizing the need to prevent a resurgence in inflation. Kazaks sees the possibility of further rate cuts this year but advises lowering rates gradually to avoid inflation. He believes the ECB can delay any rate cuts until after the summer.
ECB should lower interest rates step by step, Kazaks says https://t.co/5dK7YvUK8O via @aaroneglitis https://t.co/MPmcTxUbN6
#ECB should only reduce borrowing costs gradually to ensure that there’s no resurgence in inflation, according to Governing Council member Martins Kazaks
🇪🇺 #ECB Should Lower Interest Rates Step by Step, Kazaks Tells LTV - Bloomberg https://t.co/y2H9HZl1XX
