European Central Bank Governing Council member Peter Kazimir says interest rates must be raised further to address inflation. In remarks reported by multiple outlets, Kazimir argues that inflation is spreading through the broader economy, which increases the urgency for monetary policy action. He links the need for additional tightening to the risk that higher prices become embedded in economic behavior, making inflation harder to bring back under control.
Both sources characterize Kazimir’s position as supportive of further rate hikes, reflecting his view that current policy is not yet sufficient given the persistence and wider reach of inflation pressures. The reports do not provide additional details on timing, the size of future moves, or specific data points, focusing instead on Kazimir’s assessment that inflation dynamics require continued increases in rates.
Overall, the coverage is consistent: Kazimir calls for lifting rates more because inflation is spreading across the economy, suggesting that the ECB should continue tightening until inflation is contained.
