European Central Bank (ECB) Governing Council member Martins Kazaks has indicated that any future interest rate adjustments by the ECB are expected to be minor and primarily aimed at signaling or fine-tuning policy rather than large-scale changes. Kazaks emphasized that the era of straightforward rate hikes or cuts is over, advocating for a steady policy stance at current levels given ongoing easing effects and the euro's position near historical averages. He sees no urgent need for further rate cuts and believes there is untapped growth potential in the eurozone. Separately, ECB Executive Board member Peter Kazimir stated that he does not foresee any significant changes that would compel action in the upcoming September meeting. Kazimir highlighted that inflation risks remain tilted to the upside and that clear signs of deterioration in the labor market would be required to prompt a policy response. Both officials suggest a cautious approach amid stable economic conditions and ongoing vigilance regarding inflation dynamics.