Advertisement
UK markets close in 2 hours 28 minutes
  • FTSE 100

    8,251.58
    +80.46 (+0.98%)
     
  • FTSE 250

    20,577.76
    +48.34 (+0.24%)
     
  • AIM

    770.12
    0.00 (0.00%)
     
  • GBP/EUR

    1.1807
    -0.0004 (-0.03%)
     
  • GBP/USD

    1.2749
    +0.0003 (+0.02%)
     
  • Bitcoin GBP

    44,872.18
    -2,143.44 (-4.56%)
     
  • CMC Crypto 200

    1,204.63
    -56.55 (-4.48%)
     
  • S&P 500

    5,537.02
    +28.01 (+0.51%)
     
  • DOW

    39,308.00
    -23.90 (-0.06%)
     
  • CRUDE OIL

    83.41
    -0.47 (-0.56%)
     
  • GOLD FUTURES

    2,369.40
    0.00 (0.00%)
     
  • NIKKEI 225

    40,913.65
    +332.89 (+0.82%)
     
  • HANG SENG

    18,028.28
    +49.71 (+0.28%)
     
  • DAX

    18,438.37
    +63.84 (+0.35%)
     
  • CAC 40

    7,691.27
    +59.19 (+0.78%)
     

Kazaks Says Market Bets of 1-2 ECB Cuts Consistent With Baseline

(Bloomberg) -- Expectations that the European Central Bank will cut interest rates one or two more times this year seem “quite reasonable,” Governing Council member Martins Kazaks told CNBC in an interview.

Most Read from Bloomberg

Policymakers should take time to assess euro-area inflation data as it arrives, Kazaks said, adding that price pressures are expected to move sideways in the coming months.

ADVERTISEMENT

He argued that the ECB won’t keep rates high for unnecessarily long, but also said that he wouldn’t like to see any further delays in reaching the 2% target.

Kazaks also said he sees “no reason” to activate a bond-buying backstop to address the latest market rout in France.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.