ECB Management Committee Kazakhs: There is no reason to cut interest rates at present

According to BlockBeats, on September 16, the European Central Bank's Management Committee Kazakhs said that there is no need to lower interest rates at present. "The current inflation rate is about 2%, and economic growth is weak. There is no reason to cut interest rates at this stage." Before this remarks, the ECB kept the borrowing costs unchanged for the second consecutive meeting last week, and most policymakers believe that there is no need for further interest rate cuts, but at the same time retain the option to take action if necessary. Kazaks stressed: "Given the high uncertainty of the global economic situation, especially geopolitical situation, and various risks still exist, the central bank is closely monitoring the development of the economic situation and will make necessary decisions." He specifically pointed out, "If this uncertainty is taken into account, coupled with further economic weakness, or inflation begins to significantly lower than the target level of 2%, the ECB may also implement interest rate cuts." (Jin X)