Member of the European Central Bank (ECB) Governing Council and National Bank of Slovakia (NBS) Governor Peter Kazimir (pictured) highlighted on Monday that he does not anticipate the ECB to hastily implement another interest rate reduction during the summer. He said he is "satisfied" with last week's decision.
"September will be a pivotal month. We'll get fresh inflation estimates for this year and the next two years. That will be the right moment to reassess our stance and decide whether we need to adjust our monetary policy settings. In short, whether to cut rates or not," the policymaker added.
Kazimir also noted that the economic condition in the eurozone continues to be "fragile," and the "inflation beast" has not been completely "beaten." As a result, the bank will adopt a cautious approach, proceeding step by step without excluding any possibilities.
