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ECB’s Kazaks: Currently No Need To Cut Rates In H1/2024
There is no currently apparent need for the European Central Bank to ease monetary policy in the first I year, making discussion of rate cuts premature, but a change in the situation could lead to another outcome, CB Governing Council member Märtins Ka. Wednesday. According to a presentation intended for his use at an MNI event, Kazäks, who heads Latvijas Banka, reiterated the view that 'discussion on rate cuts is pre and described monetary policy at present as 'maintaining a steady hand, but keeping an eye on risks (on both sides). 'Given current economic outlook and medium term-projection baseline, no need for ... (full story)