Jun 23, 2022
ECB Rate May Be at 1.5%-2% in a Year, Slovakia’s Kazimir Says
, Bloomberg News
(Bloomberg) -- The European Central Bank may increase interest rates by more than 200 basis points in the next 12 months, bringing the rate to 1.5%-2% a year from now, Governing Council member Peter Kazimir said.
- Kazimir sees a 25 basis-point hike in July, followed by a likely 50 basis-point increase in September
- “It all depends on incoming data”
- Kazimir, who heads Slovakia’s central bank, said some euro-area countries may fall into a “technical recession”
- NOTE: Kazimir speaks on TV news channel TA3
- READ MORE: ECB’s Kazimir Says Negative Rates Must Be ‘History’ by September
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