-- The pace of European Central Bank interest-rate cuts must match the gradual slowdown of euro-area inflation, according to Governing Council member Martins Kazaks.June seems the right moment to start lowering borrowing costs, but decisions on any subsequent steps are best determined by incoming data, the Latvian official told Bloomberg Adria in an interview.
The ECB’s approach of looking at the numbers and then taking decisions on a meeting-to-meeting basis has been “an appropriate one so far,” he said. “Given still high uncertainty, very clear forward guidance is not a good policy solution at the moment.
The prosecution in Trump’s hush money trial made a significant error announcing they were resting their case after calling Michael Cohen as their final witness and not having a key witness to corroborate Cohen’s claims, writes attorney Stacy Schneider.Former President Trump suggested Saturday that he could be considered a three-term president if he clinches a win next November.
Source: Loan Digest (loandigest.net)
Bloomberg Governing Council
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