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ECB Officials See No Urgent Need for Rate Changes

9/22/2025

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Summary

Story summary

ECB Governing Council member Martins Kazaks stated that inflation slightly below 2% is acceptable and warned against quick policy changes.
He noted that rates should only change if necessary, as the ECB has achieved its inflation target.
Kazaks identified risks like a stronger euro and cheaper imports but expects price growth to stay around 2%.
Edward Scicluna supported the current interest rates, citing regional resilience and fiscal support.
Both officials see no immediate need for rate changes, with a possible review in December.

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Story summary

ECB Governing Council member Martins Kazaks stated that inflation slightly below 2% is acceptable and warned against quick policy changes.
He noted that rates should only change if necessary, as the ECB has achieved its inflation target.
Kazaks identified risks like a stronger euro and cheaper imports but expects price growth to stay around 2%.
Edward Scicluna supported the current interest rates, citing regional resilience and fiscal support.
Both officials see no immediate need for rate changes, with a possible review in December.