Central Banks
ECB Isn’t Done on Rate Hikes If Baseline Holds Up, Kazaks Says
- Nearing point where there’s risk of pushing peak rate too high
- Latvian central bank chief Martins Kazaks comment in interview
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The European Central Bank must fight inflation until the job is done, while acknowledging the rising risk of pushing interest rates too high as the peak nears, Governing Council member Martins Kazaks said.
Price pressures remain too strong and warrant further action — assuming the market turmoil that saw off Silicon Valley Bank and rocked Credit Suisse Group AG doesn’t worsen to derail Europe’s economy, Kazaks said Friday in an interview.