ECB Has Yet to See Full Impact of Euro Appreciation, Kazaks Says

The European Central Bank is still waiting to see how severely the economy will be affected by the ascent of the euro that started in 2025, according to Governing Council member Martins Kazaks.

With estimates suggesting that it takes approximately 12 months for currency shifts to trickle through, “we will likely see the full impact of the euro’s strengthening last year toward late spring,” Kazaks said in an interview in Riga.