Central Banks
ECB’s Kazaks Says Any Additional Rate Hikes Would Be Very Small
- Latvian central bank chief undecided on September meeting
- Remarks come with ECB set to pause or hike again next month
Martins Kazaks
Photographer: Horacio Villalobos/Corbis News/Getty Images
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Any additional interest-rate increases by the European Central Bank won’t be big, according to Governing Council member Martins Kazaks, who’s undecided on what’s needed when officials meet next month.
Kazaks said that while inflation is slowing across the euro zone, he must see the ECB’s new quarterly projections and inflation data for August before settling on a course of action.