FRANKFURT—The European Central Bank should raise interest rates soon and has room for up to three hikes this year, ECB policymaker Martins Kazaks told Reuters, joining a chorus of policymakers calling for a swift exit from stimulus.
The ECB has been rolling back support at a glacial pace for months but a surge in inflation to nearly four times the ECB’s 2 percent target is intensifying calls to finally end a nearly decade-long foray into ultra-easy monetary policy.
