Slovakian central bank chief 'increasingly confident' eurozone disinflation path 'on solid footing'

Bank chief Peter Kazimir  was one of the few policymakers to openly express doubt about the need to cut rates this month, but he relented and eventually supported the move

Markets currently expect the European Central Bank to cut at each of its coming meetings through next March or even April, and for the 3.25% deposit rate to hit 2% sometime next year.

Eurozone inflation is increasingly likely to return to target next year but a bit more evidence is needed before the European Central Bank (ECB) can declare victory, Slovakia’s central bank chief Peter Kazimir said on Monday.

Mr Kazimir, an outspoken conservative, was one of the few policymakers to openly express doubt about the need to cut rates this month, but he relented and eventually supported the move — the third policy-easing step this year.