ECB Policymaker Kazaks Warns Strong Euro Could Prompt Policy Response
Martins Kazaks says a sharp euro rise could trigger an ECB response to protect inflation. Officials are monitoring markets after rates were held steady.
European Central Bank policymaker martins kazaks wrote on February 6, 2026, that a significant appreciation of the euro could trigger a monetary policy response, as a rapid strengthening of the currency threatens to lower the inflation outlook. martins kazaks, who serves as the governor of the central bank of Latvia 
LV, noted that a sizeable and rapid euro strengthening would lower the inflation outlook by weakening competitiveness and economic activity across the region.
LV, noted that a sizeable and rapid euro strengthening would lower the inflation outlook by weakening competitiveness and economic activity across the region.
