CoinVoice has learned that European Central Bank council member Kazaks said in a television interview with Latvian public broadcasting on Monday that the European Central Bank should lower interest rates next month. He stated, "Of course there will be discussions, but I firmly believe that given the current situation of the European economy, rates must be cut again in December." The European Central Bank has already cut rates three times and is expected to cut rates again next month. PMI data released last Friday showed an unexpected contraction in the eurozone's private sector economy, with markets betting that the bank may further cut rates by 50 basis points. However, data expected to be released later this week is likely to show that the inflation rate in November will exceed the European Central Bank's target of 2%. [Original link]
