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MNI INTERVIEW: ECB Could Hike Past February - Kazaks

(MNI) LONDON

The ECB could hike more than indicated by Christina Lagarde, the head of the Bank of Latvia says.

The European Central Bank may have to continue raising interest rates beyond February, longer than indicated by President Christine Lagarde, in order to bring inflation back to its 2% target, Bank of Latvia Governor Martins Kazaks told MNI.

While Lagarde told last week’s post-meeting news conference that the ECB would probably raise rates two or three times more, which would mean the final increase could come in February, Kazaks said further hikes may be needed.

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The European Central Bank may have to continue raising interest rates beyond February, longer than indicated by President Christine Lagarde, in order to bring inflation back to its 2% target, Bank of Latvia Governor Martins Kazaks told MNI.

While Lagarde told last week’s post-meeting news conference that the ECB would probably raise rates two or three times more, which would mean the final increase could come in February, Kazaks said further hikes may be needed.

Keep reading...Show less