Kazimir: ECB Needs One More Rate Hike to Tame Inflation

European Central Bank (ECB) Governing Council member Peter Kazimir stated that one more interest rate increase is necessary to bring inflation back to the bank's target of 2%.

Kazimir, also the governor of the National Bank of Slovakia, argued that underlying price pressures remain too high for the ECB to declare victory. 'We need one more rate hike to be certain that inflation is on a sustainable path toward our target,' he said.

The next monetary policy meeting is scheduled for mid-June 2026, and markets have priced in roughly a 60% probability of a quarter-point increase then.