ECB’s Kazāks Suggests Series of Rate Cuts May Still Be Coming

29 April 2025

ECB’s Kazāks Suggests Series of Rate Cuts May Still Be Coming
Mārtiņš Kazāks, governor of the Latvijas Banka, at the Latvijas FinTech Forum 2024 on November 5, 2024. Photo by the Latvijas Banka under CC BY-ND 2.0.

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Mārtiņš Kazāks on Tuesday said that step-by-step rate cuts may continue.

In an interview with Latvian TV channel LTV, Kazāks, who heads the Bank of Latvia, observed that financial market expectations called for ‘a few more’ ECB rate cuts. ‘It will all depend on what happens with inflation, which depends on what happens with the labour market’, he said. ‘At the moment it looks pretty hopeful that step-by-step cuts could also continue this year.’