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ECB’s Kazimir believes that central bank is nearing its first interest rate cut

2024-06-21FXStreetFXStreet
European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said on Wednesday, he “believes that ECB is nearing its first interest rate cut.” “Inflation is on a good trajectory,” Kazimir said while presenting the Slovakian central bank's financial stability report (FSR).

European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said on Wednesday, he “believes that ECB is nearing its first interest rate cut.”

“Inflation is on a good trajectory,” Kazimir said while presenting the Slovakian central bank's financial stability report (FSR). 

These comments come as a surprise, as the ECB is in its quiet period ahead of Thursday’s policy announcements.

EUR/USD stays modestly flat near 1.0880 on these above comments.

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