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ECB's Kazaks: Case for further rate hikes becoming more compelling
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European Central Bank (ECB) Governing Council member Martins Kazaks stated that the case for further monetary policy tightening is becoming increasingly compelling. The remark, reported by Reuters via TradeAlpha, signals a hawkish stance from the Latvian central bank governor amid ongoing efforts to control inflation in the eurozone. The statement does not specify the timing or magnitude of potential rate hikes but reinforces the ECB's commitment to restrictive policy. Kazaks' comment adds to the chorus of ECB officials advocating for continued tightening to bring inflation back to the 2% target, despite risks to economic growth.
Source report
RTRS — ECB Governing Council member Martins Kazaks stated that the case for further monetary policy tightening is becoming increasingly compelling.
This is a repeat of an earlier report.
Source
rtrsWestern
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ECB officials signal increasing likelihood of further monetary policy tightening