Central Banks

ECB Now ‘Relatively Close’ to Terminal Rate, Kazaks Tells CNBC

Martins Kazaks Photographer: Andrey Rudakov/Bloomberg

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By Zoe Schneeweiss

May 16, 2025 at 1:45 AM EDT

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European Central Bank Governing Council member Martins Kazaks said cuts in euro-zone borrowing costs are nearing their end-point if the base case for inflation returning to 2% this year materializes.