Kazaks Warns Against Assuming ECB’s Next Move Will Be a Hike

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

While he currently sees no reason to challenge market expectations for two increases this year, that’s just one of several scenarios. In the meantime, policymakers still have time to assess the economic damage caused by the Iran war.