The European Central Bank may need to raise interest rates at least one more time to bring inflation under control, while a worsening economic and geopolitical outlook could require additional tightening beyond current market expectations, Slovak central bank chief Peter Kazimir said, as reported by Reuters.
The ECB kept borrowing costs unchanged at its latest meeting but signalled that a rate hike could come as early as September after oil and gas prices surged this month following renewed tensions in the Middle East.
