ECB's Kazaks:
- Current rates are appropriate based on what I am seeing.
- There is no need to rush a hike.
- There are opposing forces coming from Iran shock and it depends on which one is a stronger.
- February inflation readings will keep us in cautious mode.
The overall tone of the Kazaks comments are neutral to mildly dovish, focusing on data dependency and uncertainty, without advocating for immediate tightening.
