ECB’s Kazimir opens door to two more rate cuts

07/22/2024

Less than a minute

2024.07.22 05:22

FRANKFURT (Reuters) – European Central Bank policymaker Peter Kazimir opened the door on Monday to two more interest rate cuts by the end of the year if data justified them.

© Reuters. FILE PHOTO: Peter Kazimir, Governor of the National Bank of Slovakia, attends a meeting in Teton National Park where financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 26, 2022. REUTERS/Jim Urquhart/File photo

“The doors remain open to additional easing should the environment warrant and justify such action,” the Slovak governor said in a blog post.

“Financial markets are betting on two more rate cuts before the year ends. While this isn’t entirely misplaced, it should not be taken as a given or a baseline scenario.”

07/22/2024

Less than a minute

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