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ECB’s Kazaks Not Optimistic for Spring Rate Cuts

ECB’s Kazaks, in an interview with Latvian Radio as reported by Bloomberg, emphasized that monetary policy is effective and noted a significant decline in inflation.

He also highlighted geopolitics as the primary risks for inflation. He mentioned that this year could see rate cuts, but affirmed that the exact timing hinges on data. Kazaks cautioned against overly optimistic expectations for spring rate cuts, refraining from providing specific details

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