- ECB’s Kazaks: It's clear we need to raise interest rates
Market news
3 November 2022
ECB’s Kazaks: It's clear we need to raise interest rates
European Central Bank (ECB) policymaker Martins Kazaks said in a statement on Thursday, “It's clear we need to raise interest rates.”
“Inflation is very high in the Eurozone,” Kazaks added.
Market reaction
The shared currency is a little impressed by these comments, trading at 0.9815, modestly flat on the day.
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