European Central Bank Governing Council member Kazaks (governor of Latvia's central bank) spoke with Reuters on Thursday:
- said the ECB is likely to cut interest rates in June
But after that will be slow:
- "It's much easier to take decisions when we have the outlook meetings and new projections."
- "I think we would benefit from a measured path going down,"
- "Given that inflation will be moving sideways for most of the year, you should not expect some kind of action at every meeting,"
I posted earlier on the euro and ECB:
![Martins Kazaks](https://images.forexlive.com/images/Martins%20Kazaks_id_daba09ec-ba73-4dd4-9d05-2fca022d04a1_size900.jpg)
Looks like this pic is from Jackson Hole ... speaking of which: