Kazimir’s comments, made during a public appearance, underscore the ECB’s determination to maintain a hawkish stance even as geopolitical developments introduce new economic variables.
The European Central Bank will not hesitate to tighten policy if the coming energy-driven inflation surge looks like becoming entrenched, keeping price growth elevated for an extended period, ECB policymaker PeterKazimir said today.
ECB’s KazimirWarns of Accelerated Rate Hikes. Peter Kazimir, speaking at the European Banking Federation’s annual conference, emphasized that geopolitical developments now represent a significant upside risk to inflation projections.