Central Banks
ECB’s Kazimir Joins Hawks in Urging More Half-Point Hikes
- Greece’s Stournaras, though, wants more gradual increases
- Debate is heating up as inflation slows from record levels
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European Central Bank Governing Council member Peter Kazimir joined a chorus of fellow hawks in rejecting suggestions that moderating inflation will soon warrant smaller interest-rate increases.
“We need to deliver two more 50 basis-point moves,” said Kazimir, who also heads Slovakia’s central bank and favors the monetary-tightening cycle being completed by the summer. “The fall in inflation for two months in a row is positive news. But there’s no reason to slow the pace of rate hikes.”