Late Thursday, European Central Bank (ECB) Governing Council member Martins Kazaks noted that European interest rates are very likely to be lower. The Governor of the Bank of Latvia also suggested that further moves on interest rates are likely at the upcoming ECB meetings.
The most significant information
Domestic pricing pressure is somewhat stiff.
The path of interest rates is clearly down.
The enhance in inflation will probably be less severe than expected.
Causing excessive damage to the economy must be avoided.
We shouldn’t keep rates high for too long.
The biggest problem is the economy.
When it comes to ECB rates, it’s worth going step by step.
