Central Banks
ECB Needs ‘Resolute’ Hike of at Least a Half-Point, Kazaks Says
- Second-round effects are emerging, Latvian central banker says
- Weak exchange rate is a problem in tackling inflation
The European Central Bank headquarters in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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The European Central Bank needs to act forcefully and raise interest rates by at least a half-point next month to bring inflation back under control, according to Governing Council member Martins Kazaks.