European Central Bank Governing Council Member Kazaks: Gradual interest rate cuts are expected to continue
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European Central Bank Governing Council member Martins Kazaks stated that he expects to continue gradually lowering interest rates, depending on inflation trends and labor market performance. He mentioned that financial markets anticipate several rate cuts in the future, especially at the June meeting. Due to the potential impact of increased tariffs from the United States on the economy, the market expects two to three more rate cuts this year. Kazaks emphasized the uncertainty in the global economy, and other central bank officials expressed similar views
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