European Central Bank (ECB) policymaker Martins Kazaks said on Friday that “any further rate cuts should be gradual.”
Additional quotes
Victory over inflation is not yet on hand.
The next steps are data-dependent and will be meeting by meeting.
Meanwhile, his colleague Madis Muller said that the ECB needs to make cautious decisions,” adding that “the ECB shouldn't rush to cut interest rates.”
Market reaction
EUR/USD is little affected by these above comments, holding its range close to 1.0900 heading into the US Nonfarm Payrolls release.
