Economy

Further interest rate hikes will be “really very small”, claims ECB council member

Martins Kazaks, governor of the Central Bank of Latvia, said he believes any further interest-rate increases from the ECB won’t be significant

In the last 12 months, the ECB has lifted interest rates nine times in a row as it seeks to tame soaring inflation across Europe

A member of the European Central Bank’s (ECB) governing council has hinted that interest rates are close to their peak and won’t rise too much further.

Martins Kazaks, governor of the Central Bank of Latvia, said he believes any further interest-rate increases from the ECB won’t be significant.

In the last 12 months, the ECB has lifted interest rates nine times in a row as it seeks to tame soaring inflation across Europe. The benchmark ...