ECB hawks press case for more rate hikes to fight dogged inflation

By Sabine Siebold and Paul Carrel (Reuters) – The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent inflation, two leading hawks on the bank’s policymaking Governing Council said on Saturday, while playing down the risk of repeat of the 2008 financial crisis. The comments from the central bank chiefs of Austria and Belgium backed up remarks a day earlier from two fellow hawks – their Slovakian and Lithuanian peers – and pressed the case for higher rates to tame inflation running at 8.5% in the euro zone. The ECB raised interest rates as promised by…

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