ECB’s Kazaks Sees More Cuts But With Trump Shaping Path Down

The European Central Bank should lower borrowing costs further but how it does so will be dictated to a large extent by economic policy in the US, according to Governing Council member Martins Kazaks.

While more caution is needed as the ECB gets closer to the end point on interest rates, the direction for now is “still clear,” the Latvian official said Tuesday.