ECB’s Kazaks: Rate cuts may be nearing end, but outlook still uncertain ...Middle East

In brief, he said on Friday that interest rates may be close to their terminal level, though uncertainty remains high and further changes to the policy outlook are possible:

“We are, by and large, within the baseline scenario” (the ECB inflation target is 2%)“And if the baseline scenario holds, then I think we are relatively close to the terminal rate already”"a couple of more cuts may be possible"

“The important thing is to see where the trade talk and the trade story take us, and then of course we'll act”

ECB's Kazaks urges caution on further European Central Bank rate cuts

The European Central Bank monetary policy Governing Council meets next on June 4 and 5.

This article was written by Eamonn Sheridan at www.forexlive.com.

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