ECB's Kazaks Sees Rates Being Lifted More If Economy Holds Up
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Martinez Kazaks, a member of the Board of Governors of the European Central Bank, said that interest rates could be raised to levels of economic activity if the economy continued to perform according to the basic scenario. The president of the Central Bank of Latvia, Kazakaks, explained that the energy shock of the Middle East war had become more sustainable, calling for preventing high oil and natural gas prices from moving [...].
The head of the European Central Bank (ECB) and President of the BC of Latvia, Martins Kazaks, said on Friday, 18, that the monetary authority
The European Central Bank may need to raise borrowing costs to levels that constrain economic activity as it seeks to bring inflation under control, according to Governing Council member Martins Kazaks.
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