Central Banks
ECB’s Inflation Problem Mustn’t Drag Into 2026, Kazaks Says
- Outlook shows 2% goal to be hit later than previously thought
- Kazaks warns against reading too much into single data points
A euro currency symbol in the visitor centre at the European Central Bank.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
The European Central Bank mustn’t allow inflation to remain above 2% into 2026, Governing Council Martins Kazaks said after projections showed that target will now only be met toward the end of next year.
While uncertainty remains high, policymakers are confident as things stand that disinflation is proceeding, allowing them to make monetary policy less restrictive, the Latvian central-bank chief said in an interview. But that would change if price pressures were to prove more stubborn, he warned.