ECB Governing Council member KAZAKS said the bank faces a more delicate trade-off between containing inflation and supporting growth and that further tightening may be needed in December. Speaking to Bloomberg TV in Riga, the Latvian policymaker said judgments on tightening have become more nuanced and that from today’s perspective further tightening appears reasonable. He said the ECB is assessing how much more is required to rein in inflation that is currently above its 2% target; the bank has

ECB Governing Council member KAZAKS said the bank faces a more delicate trade-off between containing inflation and supporting growth and that further tightening may be needed in December. Speaking to Bloomberg TV in Riga, the Latvian policymaker said judgments on tightening have become more nuanced and that from today’s perspective further tightening appears reasonable. He said the ECB is assessing how much more is required to rein in inflation that is currently above its 2% target; the bank has raised the deposit rate twice since February and officials are open to another December hike. KAZAKS added that a post‑US midterm decline in oil prices could help dampen upside inflation pressure.