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Kazaks Warns ECB Against Allowing Inflation to Take Root

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European Central Bank (ECB) Governing Council member Martins Kazaks has emphasized the need to address rising consumer prices. In an interview with Latvia's TV3 on Friday, August 28, 2026, Kazaks stated that 'inflation mustn't be allowed to take root.'

To combat inflation, Kazaks suggested raising interest rates, a move that the ECB has already taken once before.

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