European Central Bank policymaker Martins Kazaks has said the argument for additional interest-rate increases is becoming stronger.
The ECB recently lifted its policy rate to 2.5%, but officials are concerned that inflationary pressure may remain persistent.
Eurozone inflation reached 3.3% in August, and higher fuel prices linked to turmoil in the Middle East could spread into wages and the broader cost of living.
Kazaks, who also heads Latvia’s central bank, cautioned that the current rate should not automatically be regarded as the upper limit.
He did not commit to supporting another increase in October and instead favoured a gradual assessment based on incoming economic evidence.
Businesses and consumers may face higher borrowing costs if policymakers conclude that energy and food inflation is becoming entrenched.
The debate highlights the difficult balance between controlling prices and avoiding unnecessary damage to investment, housing and economic growth.
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Illustrative photo: cmophoto.net/Unsplash.
Zeynep Aziz is a social-affairs specialist, writer and advocate with advanced academic qualifications in both Social Sciences and International Relations. Her multidisciplinary education has given her a strong understanding of society, public policy, human rights and the political forces shaping Turkey’s domestic and international development.
For many years, Zeynep has been actively engaged in social affairs and initiatives supporting the rights and well-being of Turkish citizens. Her work pays particular attention to social equality, democratic participation and the protection of vulnerable and disadvantaged communities.
Women’s rights remain central to her interests and advocacy. She works to raise awareness of the challenges faced by women in Turkey, including discrimination, violence, unequal opportunities and barriers to full participation in political, professional and social life. She strongly supports women’s empowerment, equal access to education and employment, and effective legal protection for women and girls.
Alongside her social work, Zeynep closely follows Turkey’s international relations and foreign policy. She takes a keen interest in Turkey’s relations with Europe, neighbouring countries and international institutions, as well as the impact of regional and global developments on Turkish society.
Through her writing and public engagement, Zeynep seeks to encourage informed discussion, strengthen respect for human rights and contribute to a fairer, more democratic and inclusive Turkey.
Zeynep Aziz
