Kazimir Sees ECB Holding Rates in September in Absence of Shock

The European Central Bank shouldn’t cut interest rates in September unless there’s evidence of a major deterioration in the economy, according to Governing Council member Peter Kazimir.

With the deposit rate held at 2% last week, the ECB is in a “comfortable place” to monitor trade uncertainty, the Slovak official said Monday. A deal struck between the US and the European Union is “welcome news,” though doesn’t grant an all-clear for the euro-zone economy.