SANTIAGO DE COMPOSTELA, Spain (Reuters) - The European Central Bank can still raise borrowing costs if needed, ECB policymaker Martins Kazaks said on ...
SANTIAGO DE COMPOSTELA, Spain - The European Central Bank can still raise borrowing costs if needed, ECB policymaker Martins Kazaks said on Friday, pushing back against some market bets thatSANTIAGO DE COMPOSTELA, Spain - The European Central Bank can still raise borrowing costs if needed, ECB policymaker Martins Kazaks said on Friday, pushing back against some market bets that euro zone interest rates will start falling next spring.
Kazaks, Latvia's central bank governor, dismissed the notion, popularised by market pundits, that its move was a"dovish hike" that marked the end of the ECB's fight against high inflation. "Markets have to take a position but is inconsistent with our macro scenario," he said."We’ve clearly said we’ll stay in restrictive territory for as long as necessary to get inflation to 2%."
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