ECB’s Muller, Kazaks suggest July rate hike is on the table

Market news

20 May 2022

ECB’s Muller, Kazaks suggest July rate hike is on the table

European Central Bank (ECB) policymaker Madis Muller said Friday that the focus needs to be on fighting high inflation.

Earlier on, his colleague Martins Kazaks said he “hopes that first rate hike will take place in July.”

Market reaction

EUR/USD is holding the lower ground, having failed to recapture 1.0600, as the US dollar sustains the renewed upside.

The spot was last seen trading at 1.0568, down 0.17% on the day.

Currencies. Daily history for Friday, May 20, 2022

Commodities. Daily history for Thursday, May 19, 2022

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