National Bank of Slovakia (Národná banka Slovenska), and therefore a member of the ECB’s Governing Council, Governor Peter Kazimir. He was writing in an opinion piece. His central message is that the Bank is nearly done, if not so already, with its rate cut cycle.
- “As things stand now, I think we’re nearly done with, if not already at the end of, the easing cycle.”
But, its not a lock:
- “Incoming data throughout the summer will provide a clearer picture and guide our decisions on whether further fine-tuning is needed.”
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Last week the European Central Bank cut its depo rate again, for the 8th time this cycle. Signalling from the Bank indicated a pause ahead.
Kazimir said the Bank will be keeping an eye on incoming data to steer its course, specifically mentioning the risk that growth could be weaker than anticipated and also that there are still risks to inflation.
This article was written by Eamonn Sheridan at www.forexlive.com.
