ECB’s Kazaks Sees Reason for Another Rate Cut, But Urges Caution

European Central Bank Governing Council member Martins Kazaks urged for caution even as he backed a further reduction in borrowing costs.

“The next monetary policy meeting is at the beginning of June and there will be new data and then we will see,” he said. “The financial markets at the moment are expecting another rate cut in June. While looking at today’s data, that is a pretty possible step.”