
- ECB Governing Council member Peter Kazimir said in an op-ed on the Slovak central bank website that markets are underpricing required ECB tightening.
- Kazimir cited an energy shock showing no sign of fading and inflation picking up again.
- Kazimir framed the policy issue as the path needed to restore inflation to target, not a single meeting or move.
Quotes
“Markets may still underestimate what is required”
“The issue is not one meeting or one move. It is the path needed to bring inflation back to target and keep it there.”