Global Market: ECB may need more rate hikes to curb inflation risks, says Kazimir

ECB hawkish policymaker Kazimir said the central bank may need additional rate hikes to curb inflation risks, even after holding rates steady at its latest meeting. Financial markets are pricing in at least two more ECB rate increases, with the first expected by October and another by March, though expectations remain highly sensitive to oil price movements. Kazimir warned that escalating geopolitical tensions in the Middle East and persistent energy-driven price pressures could force more aggressive tightening than investors currently anticipate.