ECB Kazaks Sees Case for More Rate Hikes
European Central Bank policymaker Martins Kazaks says the central bank may need to gradually raise interest rates further. He notes that rising fuel costs from the Iran conflict could seep into wages and push inflation higher.
The European Central Bank may raise interest rates past 2.5% to curb inflation before fuel costs from Iran feed into broader wages, policymaker Martins Kazaks said on Monday morning. The central bank lifted its key rate to 2.5% on Thursday. Policymakers warn that regional conflict risks entrenching high price pressures.
