ECB's Kazaks says gradual rate cuts 'base scenario'

The European Central Bank (ECB) should go on cutting interest rates gradually, according to ECB Governing Council member Martins Kazaks during an interview with Latvia's public broadcaster Tuesday, reported Bloomberg.

"The base scenario at the current moment - and to my mind the one that is the most appropriate - is to continue to lower rates step by step," Kazaks was quoted as saying.

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