ECB's Kazaks: Risk of recession is non-trivial. Rates will need to go up more.

ECB Kazaks, according to CNBC is saying:

• Risk of recession is non-trivial
• Rates will need to go up more to tame inflation
• Key issue is still very high inflation
• Would not exclude a 50 basis point hike in May

Earlier today a sources from the ECB comment said that ECB officials were converging toward a 25 basis point hike (see post here)