Economics
ECB’s Kazaks Says Interest-Rate Hike Is ‘Quite Likely’ This Year
- Official cautions ‘not to rock the boat’ by acting too quickly
- Says March meeting unlikely to result in full policy blueprint
Photographer: Evija Trifanova/LETA/Latvia Central Bank
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The European Central Bank is “quite likely” to lift interest rates in 2022 to combat an unprecedented surge in euro-area prices but mustn’t “rock the boat” as it tightens monetary policy, according to Governing Council member Martins Kazaks.