European Central Bank Governing Council member Peter Kazimir stated on Monday that the September meeting will be a pivotal month for the ECB to reassess its policy stance and decide whether to cut rates or not.
The official also said that he believes that proceeding one step at a time without ruling anything out is the smartest way forward for the ECB. Kazimir noted that the economic situation in the euro area remains fragile, and the ‘inflation beast’ isn’t beaten yet.