ECB Chief: Interest Rate Cuts Nearing End

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ECB Chief: Interest Rate Cuts Nearing End
Photo: Michael Probst

The ECB won't be lowering interest rates much more, says ECB head Peter Kazimir according to news agency Bloomberg. The head of the Slovak central bank says in a statement that the central bank is open to "fine-tuning" the interest rate but that the latest interest rate cut may have been the last for this interest cycle.

The European Central Bank lowered the deposit interest rate to 2 percent last week.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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