Kazaks: We expect the ECB to continue to cut interest rates of the same magnitude.

◻️ECB Governing Council member Martins Kazaksa said the European Central Bank would likely continue to take similarly sized interest rate steps as long as the economic outlook did not deteriorate further.

◼️Kazaks strongly supported a cut in October, but declined to make a clear prediction about what would happen in December.

◻️“If we see in October that we can cut rates – and I think we can – then we will do it,” Kazaks said. “In December, when we have a new set of projections going out to 2027, then we will decide what to do,” he said.

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