ECB Kazaks supports 25bps hike in Jul, 50bps in Sep

ECB Governing Council member Martins Kazaks said he would support 25bps rate hike in July and 50bps in September. He added that inflation would “need to surprise on the low side” for it not to be 50bps in September.

But he emphasized that investors should not think that 50 bps rate hikes are “the new default.”