ECB Must Raise Rates Further to Combat Inflation Spillover, Officials Say

According to Jin10, ECB Governing Council member Kazmir said that inflation spillovers in the economy will force the central bank to further raise interest rates. He noted that without intervention, price pressures will persist. Despite recent economic slowdown, Kazmir emphasized the economy retains resilience, providing room for policy action. June inflation data could prove decisive, while the outlook for September will depend on updated forecasts.
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