• ECB's de Guindos: A rate hike is possible in July, will depend on data

Market news

21 April 2022

ECB's de Guindos: A rate hike is possible in July, will depend on data

European Central Bank (ECB) Vice President Luis de Guindos said in his speech on Thursday, “a rate hike is possible in July but will depend on data.”

Additional comments

“No reason why APP purchases can't end in July.”

“Euroarea inflation is close to peak, will slow in 2H 2022.”

Market reaction

EUR/USD is flirting with 1.0900 on hawkish ECB-speak, adding 0.40% on the day.

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