ECB’s Kazimir: bank’s priority is monetary policy normalisation

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Slovakia's Finance Minister Peter Kazimir attends the Asian Financial Forum in Hong Kong

(Reuters) – The European Central Bank’s priority is to focus on monetary policy normalisation as inflation in the euro zone has been unacceptably high, ECB policymaker Peter Kazimir said on Friday.

His comments follow the ECB’s decision to hike rates by an unprecedented 75 basis points on Thursday, which Kazimir said was “inevitable and right”.

(Reporting by Robert Muller; editing by John Stonestreet)

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