Economics
ECB’s Kazaks Says a July Interest-Rate Hike Is ‘Possible’
- Gradual policy normalization doesn’t mean process will be slow
- Policy maker Nagel says increase may come in third quarter
Martins Kazaks
Photographer: Evija Trifanova/LETA/Latvia Central Bank
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The European Central Bank may raise interest rates as soon as July amid “significant” inflation risks that will probably require further tightening later in the year, according to Governing Council member Martins Kazaks.