• ECB’s de Guindos: Central bank will hike interest rates further

Market news

19 December 2022

ECB’s de Guindos: Central bank will hike interest rates further

European Central Bank (ECB) Vice-President Luis de Guindos said on Monday that the central bank will hike interest rates further.

Although he was quick to add. “we do not know when will stop.”

“ECB action so far isn't sufficient,” Vice-President de Guindos said.

Market reaction

EUR/USD is keeping the higher ground intact near 1.0650, adding 0.60% on the day.

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