ECB's Kazaks Warns Upside Inflation Risks Remain, Ready to Hike Rates

European Central Bank Governing Council member Martins Kazaks warned on Monday during the European trading session that upside inflation risks remain intact. He stated that the central bank stands ready to raise interest rates if necessary, emphasizing that inflation pressures persist even with the finalization of a deal involving the United States.

Kazaks' comments underscore ongoing concerns about price stability in the eurozone, suggesting that the ECB may maintain a hawkish stance in the near term. Markets will watch for further signals from other ECB officials.