Financial markets predict ECB rates will top 3.3% by October

Three European Central Bank policymakers have restated the case for the ECB to raise interest rates further

Friday's statements underline the tussle among European Central Bank officials over how how far they should go in raising the cost of borrowing. File picture: iStock/Getty

A trio of hawkish European Central Bank policymakers came out in force on Friday to restate the case for hiking interest rates further, once financial-market volatility subsides.

In the wake of a 50 basis-point increase accompanied by no clear signal on future moves, governors from Estonia, Lithuania, and Slovakia suggested there still needs to be another phase of tightening after global turmoil fades.