ECB Governing Council Kazaks: To cut interest rates in October, the economy needs to decline

Kazaks, the governing council of the European Central Bank, said that for the European Central Bank to cut interest rates at its meeting next month, the euro zone economy would need to decline. The possibility of a rate cut in October, if we look at the financial marekt, is not very likely. But if the economy is unexpectedly hit, if it feels that the economy is significantly weaker than currently expected, and inflation is also significantly lower, then we can certainly consider a rate cut. Inflation has not been completely defeated due to the high price growth of services. However, the lower-than-expected economic growth may be due to tight monetary policy. The decision to gradually start lowering interest rates is definitely reasonable, and we have already taken two actions this year, and of course this year is not over yet.