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(RPT)MNI INTERVIEW: ECB Should Hike By Up To 100Bps

(MNI) London

The ECB needs to raise rates above neutral but could find itself dealing with a recession, Martins Kazaks tells MNI.

(Repeats story filed earlier on June 16)

The European Central Bank should raise interest rates by up to 100 basis points by September, and increase them above neutral levels if inflation projections exceed the price stability target, the governor of the Central Bank of Latvia told MNI in an interview, adding that the eurozone faced a “non-trivial” risk of deep recession.

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(Repeats story filed earlier on June 16)

The European Central Bank should raise interest rates by up to 100 basis points by September, and increase them above neutral levels if inflation projections exceed the price stability target, the governor of the Central Bank of Latvia told MNI in an interview, adding that the eurozone faced a “non-trivial” risk of deep recession.

Keep reading...Show less