European Central Bank (ECB) Governing Council member Martins Kazaks said on Thursday that he’s ready to discuss another interest rate cut at the September meeting, voicing confidence in inflation returning to 2% as well as worries over the economy, per Bloomberg.
Key quotes
Given the data we have at the moment, I would be very much open for a discussion of yet another rate cut in September.
A gradual approach to rate cuts would be best.
Cuts are possible even if inflation goes sideways.
Service inflation has been stubborn.
The bank is still on the path to the 2% inflation target next year.
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