ECB has room for gradual rate cuts, Kazaks says
The European Central Bank has room to cut interest rates possibly two more times this year as inflation remains broadly on the declining path policymakers envisaged, ECB policymaker Martins Kazaks said.
The ECB cut rates for the first time after a record string of hikes in June and markets expect a second move on Sept. 12 as economic growth remains anemic and wage pressures ease, supporting the argument that inflation will fall back to the 2% target next year.
Source: REUTER