ECB’s Kazimir says a July rate hike is on, but will need fresh analysis for September

Monday was a busy day for European Central Bank talking heads:

Rounding it out were comments from the head of the National Bank of Slovakia (Národná banka Slovenska), and therefore a member of the ECB’s Governing Council, Governor Peter Kazimir:

  • “We need to deliver another rate hike in July and move further into restrictive territory,”
  • “A continuation of monetary policy tightening is the only reasonable way ahead.”
  • added that fresh analysis will be required in September to decide on another hike, but leaned hawkish saying that stopping rate hikes too soon is a “much more significant” risk than overtightening

This article was written by Eamonn Sheridan at Source