ECB Needs Full Optionality With Risks on Both Sides, Kazaks Says
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000European Central Bank Governing Council member Martins Kazaks said the economy has been faring better than expected but officials must keep all possibilities on the table because of continued uncertainty globally.Wage growth is a key reason why inflation has been more stubborn than previously envisaged, the Latvian official said Friday — a day after the ECB kept borrowing costs at 2% for a fourth meeting. On the other hand, competitive pressure from China is set to become more pronounced, possibly exerting downward pressures on prices, he said.