ECB’s Kazaks: Rate-Hike Decision to Involve More Delicate Trade-Off

Cointime update: European Central Bank Governing Council member Martins Kazaks said the ECB will face a “more delicate” trade-off between curbing inflation and the hit to economic growth. Current conditions may make a December rate hike necessary, but judging whether to tighten further is becoming harder to weigh. He said further tightening still appears necessary, while inflation must be brought to target without excessively damaging the economy.