ECB’s Vasle Says Appropriate to Start Rate Hikes ‘Before Summer’

It would be appropriate for the European Central Bank to begin lifting borrowing costs from record lows “already before the summer,” according to Governing Council member Bostjan Vasle.

“We’re at a different stage of inflation dynamics, inflation is broad-based,” the Slovenian official said Friday in Rovinj, Croatia. “The only way forward is to start to increase interest rates.”