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ECB’s Kazimir ‘Clearly’ Sees Need for Half-Point September Hike

European Central Bank Governing Council member Peter Kazimir said September’s planned half-point rise in interest rates is justified.

“I can clearly see the need to accelerate the pace and deliver an increase of 0.5 percentage point,” Kazimir, who heads Slovakia’s central bank, said Monday in a statement. “The incoming data only confirm to me that there’s no reason to hesitate.”