ECB's Kazaks: A significant reduction in rates is still necessary

  • Latvia's central bank governor Martins Kazaks speaking
  • A significant reduction in rates is still necessary.
  • Neutral rate is closer to 2% than 3%.
  • The direction of interest rates is clearly down.
  • It's right to go step by step on rates.
  • A bigger rate cut is possible if required.
ECB's Kazaks
ECB's Kazaks

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