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Last Mile Likely Bumpy After June Cut - ECB's Kazaks

MNI EXCLUSIVE

The European Central Bank is heading to cut rates by 25 basis points at its meeting in June, reversing the “insurance hike” of September 2023, but while the eurozone may achieve a soft landing it is too early to declare victory over inflation and there is no assured subsequent rate path, ECB Governing Council member and Bank of Latvia Governor Martins Kazaks told an MNI Connect event in his opening presentation.

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The European Central Bank is heading to cut rates by 25 basis points at its meeting in June, reversing the “insurance hike” of September 2023, but while the eurozone may achieve a soft landing it is too early to declare victory over inflation and there is no assured subsequent rate path, ECB Governing Council member and Bank of Latvia Governor Martins Kazaks told an MNI Connect event in his opening presentation.