- ECB Governing Council member and Bank of Latvia Governor Martins Kazaks said wading into restrictive territory is appropriate with the economy forecasted to close the output gap next year.
- Kazaks discussed second-round inflation effects from the energy price shock and the outlook for interest rates.
- Kazaks made the comments in Dublin to Bloomberg's Oliver Crook.
Quotes
“With the economy forecasted to close the output gap next year, you know, wading into restrictive territory, in my view, would be appropriate”