European Central Bank (ECB) policymaker and Bank of Spain Governor José Luis Escrivá said on Friday that “it is logical to have further rate cuts in upcoming meetings.” He added that “rate cuts are to continue should baseline projections hold.” Related news EUR/USD trades choppy after ECB Lagarde shows concerns over Eurozone economic growth ECB’s Kazaks: The direction of interest rates is clearly down ECB review: A dovish 25’er .