ECB Governing Council releases pigeons again: interest rates are expected to be cut in June

Zhitong Finance ·  Apr 13 10:59
Martins Kazaks, member of the ECB Governing Council and President of the Central Bank of Latvia, said that the ECB is expected to start cutting interest rates in June. “If we actually move towards the 2% inflation target, then in my opinion, we are really close to a turning point where we can gradually reduce interest rates,” he said on Friday. “This moment is almost here, and it will be great news for businesses and the public.” He also said that interest rate changes after June will be adjusted according to the data.

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