Kazimir Says ECB June Interest Rate Hike Is Inevitable
Slovak policymaker Peter Kazimir says a June rate hike is certain as energy costs rise. He warns of high inflation and weaker growth across the euro zone.
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European Central Bank policymaker Peter Kazimir from Slovakia said a June interest rate hike is all but inevitable following persistent energy price shocks. The ECB held rates steady on Thursday but signaled tightening as inflation tracks toward the bank's adverse projections. Investors face a shift from July expectations to a June move as energy costs squeeze euro zone profit margins.
