ECB’s Visco: Rate hikes will have to be gradual given economic uncertainties

Market news

31 May 2022

ECB’s Visco: Rate hikes will have to be gradual given economic uncertainties

European Central Bank (ECB) Governing Council member Ignazio Visco said on Tuesday, “rate hikes will have to be gradual given economic uncertainties.”

Additional quotes

The key is to ensure policy normalisation does not lead to unwarranted market fragmentation.

Given uncertainties, rates will have to be raised gradually.

Monetary policy cannot counter increase in commodity prices.

Market reaction

Ahead of the Eurozone preliminary inflation data, EUR/USD is trading listlessly around 1.0740. The pair loses 0.32% on the day.

Currencies. Daily history for Tuesday, May 31, 2022

Commodities. Daily history for Monday, May 30, 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.