European Central Bank official Kazimir said a rate hike in June is "almost inevitable.

European Central Bank Governing Council member Peter Kazimir has stated that due to the conflict with Iran, the ECB will likely have to raise interest rates at its next meeting in June. The Slovak official noted that while policymakers have not committed to any specific path in advance and still need more data to assess the impact of the conflict, "we still stick to our way." "Based on this, a tightening of policy in June is almost inevitable," he said in a commentary on Monday, "we are increasingly likely to need to prepare for a longer period of broad-based inflation in the euro area and significantly weaker growth."