- ECB’s Kazaks: Central bank does not target specific spread levels for indebted countries
Market news
20 June 2022
ECB’s Kazaks: Central bank does not target specific spread levels for indebted countries
European Central Bank (ECB) does not target specific spread levels for indebted countries, the central bank policymaker Martins Kazaks told Reuters on Monday.
Additional quotes
"But we try to ensure proper transmission."
“Difficult to see rise in spreads as driven by changes in fundamentals.”
“Investors shouldn't get carried away with rate hike bets.”
“Would support 25 bps hike in July, 50 bps hike in September.”
“Inflation would need to surprise on the low side for it not to be 50 bps in September.”
“But investors should not think that 50 bps rate hikes are the new default.”
“Market expectation of the terminal rate shot up quite dramatically last week.”
“One should be careful about the speed, not get carried away.”
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