---
title: "ECB's Kazaks: Another Rate Hike May Be Needed in December"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/305000162.md"
description: "ECB Governing Council member Kazaks stated that the European Central Bank will face a \"more delicate\" trade-off as it balances curbing inflation against its impact on economic growth. The Latvian policymaker said in an interview with Bloomberg Television in Riga that current conditions may make a December rate hike necessary, but he warned that judgments on tightening policy have become more nuanced. Kazaks remarked, \"The trade-offs ahead will become more delicate because, ultimately, we must curb inflation without excessively harming the economy. So far, from today's perspective, further tightening appears justified.\" The European Central Bank is assessing how much action is needed to bring inflation, currently above the 2% target, under control. Since the U.S. attacked Iran in February, it has raised the deposit rate twice, and officials have expressed willingness to hike again in December. However, falling oil prices after the U.S. midterm elections could dampen price increases"
datetime: "2026-11-10T11:12:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/305000162.md)
  - [en](https://longbridge.com/en/news/305000162.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/305000162.md)
generator: "portal-rs"
---

# ECB's Kazaks: Another Rate Hike May Be Needed in December

Jinshi Data, November 10 – ECB Governing Council member Kazaks stated that the European Central Bank will face a "more delicate" trade-off as it balances curbing inflation against its impact on economic growth. The Latvian policymaker said in an interview with Bloomberg Television in Riga that current conditions may make a December rate hike necessary, but he warned that judgments on tightening policy have become more nuanced. Kazaks remarked, "The trade-offs ahead will become more delicate because, ultimately, we must curb inflation without excessively harming the economy. So far, from today's perspective, further tightening appears justified." The European Central Bank is assessing how much action is needed to bring inflation, currently above the 2% target, under control. Since the U.S. attacked Iran in February, it has raised the deposit rate twice, and officials have expressed willingness to hike again in December. However, falling oil prices after the U.S. midterm elections could dampen price increases.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**