ECB June rate hike looks all but inevitable, Kazimir says
Updated
Updated · Bloomberg · May 4
ECB June rate hike looks all but inevitable, Kazimir says
6 articles · Updated · Bloomberg · May 4
The Slovak Governing Council member said on Monday the European Central Bank will highly likely need to raise rates at its next meeting in June.
Kazimir said policymakers are not pre-committed to a fixed path and still need more data to judge the economic fallout from the Iran war.
His comments signal the ECB remains committed to its policy stance despite geopolitical uncertainty, reinforcing expectations of tighter borrowing costs across the euro zone.
ECB policymakers are openly divided. Who will win the battle for Europe's economic future?
As war chokes oil supplies, can ECB rate hikes stop stagflation or will they just trigger a devastating recession?
With the Strait of Hormuz closed, is Europe facing its worst economic crisis since the 1970s oil shock?