(Bloomberg) -- The European Central Bank’s next policy decisions will depend on how the economy and inflation will develop, Governing Council member Martins Kazaks said in an interview with Latvia’s TV3. 

  • Cautions that “inflation has a tendency to return”
  • “The financial markets at the moment are pricing in one to two more cuts this year — we will see”
  • “The good news is that we are starting to climb down” from the rate peak
  • READ MORE: ECB’s Lagarde Says Fight Against High Inflation Isn’t Over Yet

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