(Bloomberg): The European Central Bank (ECB) is likely to make one more interest rate cut this year, Slovak central bank governor and Governing Council member Kazimir said.

“I think we can expect one more rate cut this year,” Kazimir told reporters in Bratislava on Tuesday. “It may not be exactly in line with our expectations, but I still think there is a significant risk of higher inflation. I think the potential for such price pressures will come mainly from wage growth.”

While many of the ECB’s policymakers remain cautious about what to do next after it began cutting interest rates earlier this month, some have begun to voice their views on the direction of policy. In an interview with Bloomberg this week, Finnish central bank governor Olli Rehn said investors’ expectations of one or two rate cuts this year were “reasonable.”

Kazimir reiterated his opposition to further rate cuts at the July meeting, arguing that the Fed should wait at least until September, when the next quarterly economic forecasts are issued.

“It would be appropriate to wait for the September forecast. That would be the right time to take the right decision,” he said.

Original title: ECB May Only Cut Rates Once More This Year, Kazimir Says (excerpt)

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