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ECB rate cut coming, but not just yet, says Governing Council's Kazimir
The European Central Bank is increasingly confident that inflation is coming down, but should still hold off on an interest rate cut until June, Slovak Governing Council member Peter Kazimir said on Monday. The ECB held rates unchanged at a record high last week, but its chief Christine Lagarde said discussions over easing policy have begun and plenty of relevant information would become available by June. "We will learn a bit more in April, but only in June, with new forecasts at hand, will the level of confidence reach the threshold," Kazimir, the conservative chief of Slovakia's central bank, said in a blog post. ... (full story)