ECB’s Kazimir Says Rates Will Still Need to Rise in Due Course

European Central Bank Governing Council member Peter Kazimir said current events in financial markets events haven’t altered his view that interest rates will need to keep rising in due course.

“The 50 basis-point increase was inevitable and necessary,” the Slovak central-bank governor said in a statement published on its website on Friday, the day after the latest hike was announced. “The situation is delicate, but we are not yet at the finish line.”