Central Banks
ECB’s Kazaks Says Broad, Protracted Recession Could Slow Hikes
- Latvian official says core inflation key in setting rates
- Centeno, Stournaras and Scicluna also comment in articles
Martins Kazaks
Photographer: Evija Trifanova/LETA/Latvia Central Bank
This article is for subscribers only.
The European Central Bank may slow interest-rate increases if a deep euro-area recession damps inflation, according to Governing Council member Martins Kazaks.
If underlying price pressures strengthen further, however, officials could maintain their swift pace of raising borrowing costs, Kazaks said in a magazine article published for the Eurofi conference.