• ECB's de Guindos: Number and size of hikes will be determined by data

Market news

27 September 2022

ECB's de Guindos: Number and size of hikes will be determined by data

European Central Bank (ECB) Vice President Luis de Guindos said on Tuesday that they will continue to raise rates over the coming months and added that the number and size of the hikes will be determined by the data, as reported by Reuters.

"For 2023, growth will be very low, below 1% in the base case," de Guindos added. "Higher interest rates will have a clear impact on corporate solvency."

Market reaction

The EUR/USD pair continues to trade in positive territory above 0.9600 after these comments.

 

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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.