Latvia’s ECB Governing Council member Martins Kazaks indicated his support for an interest rate cut at next week’s ECB meeting, citing the belief that inflation problem “will soon end.”
However, Kazaks acknowledged the high level of uncertainty following the widely expected rate cut. He pointed to risks tied to US President-elect Donald Trump’s upcoming administration, noting that new tariffs could further weigh on Europe’s economy.
Despite these concerns, Kazaks maintained a cautiously optimistic view, stating that “Europe’s economy is going from its lowest point upwards.”
