ECB’s Kazāks: Central bank is well placed to act if needed to get inflation to 2%

European Central Bank (ECB) Governing Council member Mārtiņš Kazāks said during the European trading session on Friday that the central bank won’t hesitate to act if needed to bring Eurozone inflationary pressures down to the 2% target.

Additional remarks

We'll decide in September based on data.

There are pros and cons to hiking further.

Forward guidance is counterproductive amid uncertainty.

We see wage growth gradually slowing.

Inflation expectations are still anchored near target.