ECB’s Wunsch: Policy rates could turn positive this year

Market news

21 April 2022

ECB’s Wunsch: Policy rates could turn positive this year

European Central Bank (ECB) policymaker Pierre Wunsch said on Thursday, the policy rates could turn positive this year.

Additional comments

“Ready to consider a deposit-rate hike in July.”

“ECB would react to unwarranted market fragmentation.”

These comments come after the central bank policymaker Martins Kazaks said Wednesday that “a rate hike is possible as soon as July.”

Market reaction

The shared currency picks up fresh bids on the hawkish comments, with EUR/USD reapproaching 1.0850, as of writing. The spot is down 0.06% on the day.

Currencies. Daily history for Thursday, April 21, 2022

Commodities. Daily history for Wednesday, April 20, 2022

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