[ECB Governing Council Member Kazaks: If you want to cut interest rates in October, you need an economic downturn] Golden Finance reported that ECB Governing Council member Kazaks said that for the ECB to cut interest rates at next month’s meeting, you need an economic downturn in the Eurozone. The possibility of an interest rate cut in October, if we look at the financial markets, is not very likely. But if the economy takes an unexpected hit, if the economy feels significantly weaker than current expectations and inflation drops significantly, then we can certainly consider cutting interest rates. Inflation has not been completely defeated as service price increases remain high. However, economic growth was slower than expected, possibly due to tightening monetary policy. The decision to gradually start lowering interest rates is absolutely justified, and we have already done so twice this year, and of course the year is not over yet.