ECB’s Kazimir: Risk of recession in Eurozone is growing

Market news

28 November 2022

ECB’s Kazimir: Risk of recession in Eurozone is growing

While presenting the financial stability report on Monday, European Central Bank (ECB) policymaker and Slovak central bank President Peter Kazimir said that the “risk of recession in the Eurozone is growing.”

“Rise in interest rates to continue despite unfavorable economic developments,” he added.

Market reaction

The staggering recovery in EUR/USD remains unfazed by these above comments, trading at 1.0440, up 0.45% on the day.

Currencies. Daily history for Monday, November 28, 2022

Commodities. Daily history for Friday, November 25, 2022

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