ECB’s Kazaks Says Interest Rates Can Be Cut at Next Meeting

(Bloomberg) -- The European Central Bank can lower borrowing costs at this month’s meeting, according to Governing Council member Martins Kazaks.

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“Next week we have the ECB’s council meeting, and to to my mind — looking at the data that we have at available at the moment — we can take the next step in the direction of decreasing rates,” the hawkish Latvian central-bank chief told Latvian TV on Wednesday. “Of course there will be a discussion, as there always is, but for me at this moment this picture is pretty clear.”