ECB’s Kazāks: Won’t Keep Interest Rates Elevated a Minute Longer Than Necessary

<p>ECB’s Kazāks: Won’t Keep Interest Rates Elevated a Minute Longer Than Necessary</p><p><a href="https://piqsuite.com/econostream/ecbs-kazks-wont-keep-interest-rates-elevated-a-minute-longer-than-necessary" target="_blank" rel="nofollow">FULL STORY</a> via <a href="https://twitter.com/EconoStream" target="_blank" rel="nofollow">@EconoStream</a></p><p>The European Central Bank Governing Council member Mārtiņš Kazāks on Wednesday suggested that interest rates would be reduced as soon as it became appropriate to do so.</p><p>‘We cannot exclude the possibility that further rate increases might be necessary’, he continued. ‘But we simply don’t know … so we will do the best we can … we will not hold the rates at very high levels a minute longer than necessary.'</p>

This article was written by Ryan Paisey at www.forexlive.com.