(Bloomberg) -- European Central Bank Governing Council member Martins Kazaks said officials will consider a range of options in the coming meetings — including standing pat and cutting interest rates in bigger steps.
“Everything should be on the table,” the Latvian central-bank chief told CNBC on Thursday. “We need to see the data. But of course, there is both 0% cut, 25 basis-point cut and there is also perhaps a bigger cut possibility.”
Kazaks also said:
- “We are still quite considerably in the restrictive territory”
- “The rates should be coming down, but about specific levels, we’ll see when we come to that”
- Says he’d warn financial markets of “running ahead of themselves”
- READ MORE: ECB Policymakers’ Views on What’s Ahead Are Diverging
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