ECB’s Centeno: Monetary policy normalization is absolutely necessary and desired

Market news

10 October 2022

ECB’s Centeno: Monetary policy normalization is absolutely necessary and desired

“Normalization of monetary policy is absolutely necessary and desired,” European Central Bank (ECB) Governing Council member Mario Centeno said on Monday.

Additional quotes

“Policy normalization must be gradual.”

"A policymaker cannot become a factor of instability"

Market reaction

EUR/USD is unimpressed by the above comments, losing 0.56% on the day at 0.9684, at the time of writing.

Currencies. Daily history for Monday, October 10, 2022

Commodities. Daily history for Friday, October 7, 2022

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