ECB Member Kazaks Signals End of Interest Rate Cuts

European Central Bank Governing Council member Martins Kazaks signaled that interest rate cuts are nearing their end, indicating a shift in ECB policy for the Eurozone. His statement came following an interview with CNBC International on May 16th, 2025. This news is impacting market expectations as the potential end of ECB rate cuts adjusts global financial markets. The strength of the euro reflects this adjustment.