European Central Bank Governing Council member Martins Kazaks said on Monday that the central bank will ease monetary policy further, though it shouldn’t do so too hastily due to lingering inflation risks, per Bloomberg. 

Key quotes

We have at the ECB Governing Council already lowered rates two times this year, and this is not the final destination. 

These rates will continue to go down.

If we look at what financial markets expect — and I don’t have any serious reason not to agree with them — then by the middle of next year, rates are expected at 2.5%.