ECB’s Kazimir: Interest rate hike is first of a series of similar steps needed to tame inflation risks

European Central Bank (ECB) policymaker and Slovak central bank Governor Peter Kazimir said on Friday, “interest rate hike is first of a series of similar steps needed to tame inflation risks.”

Additional quotes

Economic development in eurozone and elsewhere will determine by how much we raise rates in September and beyond.

It is possible to expect 25 or 50 bps hike in September.

It will take a while to get inflation to desired levels.