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ECB's Kazaks: Rates to remain at 4.00% for some time before likely cut

ECB's Kazaks: Rates to remain at 4.00% for some time before likely cut

Central Banks
By Adam Button
20/12/2023 | 18:53 GMT
  • Comments from Kazaks
ECB's Kazaks
ECB's Kazaks
  • Says he's not as optimistic as markets on the timing of the first cut
  • First rate cut could come around middle of 2024

The market is 50/50 on the first cut coming in March with 101 bps in cuts priced in for the July 6 meeting.

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