ECB's Kazaks Suggests Further Rate Hikes Could Be Coming

European Central Bank (ECB) board member Kazaks stated that September's interest rate hike is unlikely to be the last, citing the possibility of further tightening if inflation rises or core inflation increases.

In a recent live feed, Kazaks emphasized that every meeting is live and that he does not segregate projection and non-projection meetings. He also rejected the idea that second-round effects are necessary to justify another rate hike.

Kazaks' comments reflect his hawkish stance on monetary policy, which has been consistent throughout his tenure at the ECB. His language suggests that the bank is prepared to take further action if necessary, but will monitor inflation and core inflation closely before making any decisions.