Bank of Latvia governor and ECB board member Martins Kazak said in an interview Thursday that any additional rate increases from now on "will be small."
The ECB policymaker noted that although the "good news" is that eurozone inflation is starting to slow, it needs to see the central bank's new quarterly outlook and inflation data for August before making any decision on the future course of monetary policy.
Previously the ECB has confirmed that inflation is still expected to remain "very high for a very long time," stressing that it intends to keep interest rates at sufficient restrictive levels as long as necessary until the 2% target is reached.
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