ECB's Kazimir: Market pricing of two rate cuts by year-end is not entirely misplaced

European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said Monday, the “market pricing of two rate cuts by year-end is not entirely misplaced,” adding that “such pricing isn't a given at the moment.”

Additional quotes

No need to rush decisions.

Data will set the stage for September decision.

The door remains open to additional easing should conditions warrant it.

Market reaction

At the time of writing, EUR/USD is adding 0.12% on the day to trade near 1.0900.