Lates News

European Central Bank Governing Council member Kazimir said that the spread of inflation in the economy will force the European Central Bank to further raise interest rates. He believes that without intervention, price pressures will not ease. He stated that even if the United States and Iran reach a peace agreement, inflation will not easily drop back to 2% overnight. Despite some cooling in the economy, its resilience still provides officials with room for action. Kazimir said, "Our task is not yet complete, and it is too early to discuss whether policy needs to become more restrictive. But considering that price pressures are spreading throughout the economy, I certainly do not rule out this possibility." He added, "June's inflation data - especially core inflation rates - may be crucial, but the situation in July is still uncertain, and of course we will receive new forecasts by September. It is important to make decisions gradually at each meeting."