ECB's Kazaks: A rate hike is possible as soon as July

Market news

20 April 2022

ECB's Kazaks: A rate hike is possible as soon as July

Commenting on the European Central Bank’s (ECB) monetary policy outlook on Wednesday, policymaker Martins Kazaks said that “a rate hike is possible as soon as July.”

Additional quotes

Gradual approach doesn't mean slow response.

ECB doesn't need to wait to see stronger wage growth.

Ending APP early in Q3 is possible and appropriate.

0% is not a cap for deposit rate facility.

Market reaction

The shared currency jumped nearly 30-pips against the US dollar on these hawkish remarks, driving EUR/USD to fresh daily highs of 1.0867.

The spot is currently trading at 1.0859, still up 0.67% on the day.

Currencies. Daily history for Wednesday, April 20, 2022

Commodities. Daily history for Tuesday, April 19, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.