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The European Central Bank should take a summer break and not rush into another rate cut – Peter Kazimir

The Rresponsible for monetary policy of the European Central Bank (ECB) and governor of the central bank of Slovakia, Peter Kazimirsaid on Monday that the central bank “should not rush into another rate cut,” adding that the ECB “should take the summer easy.”

Featured Statements

September will be a crucial month as a lot of new data will be released by then.

Inflation Beast Not Yet Defeated, Price Pressures May Resurge.

Disinflation will be patchy, but the ECB is confident it is moving towards the target.

Market reaction

The Euro finds no boost in the ECB official’s comments, keeping EUR/USD losing 0.38% on the day near 1.0758 due to renewed political tensions in the Eurozone.

Source: Fx Street

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