Inflation is at a very high level and the European Central Bank should quickly withdraw its support, if necessary, to prevent a sharp rise in prices, the governor of the Central Bank of Latvia and member D said today. Σ. of the ECB, Martins Kazaks.
“The principles we will follow in the decision-making process at the Eurozone level are clear: we will maintain flexibility, choice, gradual change, but that does not mean we will be slow: we will go step by step,” Kazaks said. speaking at a conference in Warsaw.
“We can be quick if we need to,” he said a day after the ECB announced it would raise interest rates by 25 basis points in July and possibly by a wider margin in September, to continue raising interest rates further thereafter.
Source: Capital
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