ECB’s Kažimír: Possibly Only One More Rate Cut This Year

27 June 2024

By Aurėja Bobelytė – VILNIUS (Econostream) – One more interest rate cut could be expected in 2024, European Central Bank Governing Council member Peter Kažimír said Thursday.

Speaking to reporters in Bratislava, Kažimír, who heads the National Bank of Slovakia, said, ‘I think we could expect one more interest rate cut this year.’

The risk of rising inflation still persisted, and price pressures could be driven principally by wage growth, he said.

‘It’s appropriate to wait for the September forecast. Those are the right moments to make the correct decisions’, he said.