The ECB's governor said there was no need to cut interest rates at the moment. Inflation is around 2 per cent and economic growth is weak, he said in an interview with TV24 television on Tuesday. There is no reason to cut rates at this stage. His comments came after the ECB held borrowing costs unchanged for the second consecutive meeting last week and most policymakers saw no need to cut rates further, while leaving the option to act if necessary.
Kazakis stressed that, considering the high degree of uncertainty in the global economic situation, especially geopolitics, and various risks remain, the central bank is closely monitoring the economic situation and will make necessary decisions.
In particular, he pointed out that the ECB could also cut interest rates if this uncertainty is taken into account, coupled with further economic weakness, or if inflation starts to fall significantly below its 2% target. (Golden Ten)
European Central Bank Governing Council Kazaks: There is no reason to cut interest rates at present
2025-09-16 07:33:58
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