ECB's Kazimir: Expects 25 bps rate hike in July, open to a 50 bps move in September depending on inflation

Slovak central bank Governor and European Central Bank (ECB) Governing Council member Peter Kazimir said on Monday that he expects a 25 bps rate hike in July and is open to discussing a 50 bps move, perhaps for September, amid record-high Eurozone inflation, reported Reuters. The neutral rate in the Eurozone is closer to 2.0% than 1.0%, he opined, meaning it will take around 200 bps of tightening to get interest rates back to neutral.