- ECB’s Centeno: Smaller hikes would need mid-term inflation nearing 2%
Market news
13 February 2023
ECB’s Centeno: Smaller hikes would need mid-term inflation nearing 2%
European Central Bank (ECB) policymaker Mario Centeno made some comments on the inflation and monetary policy outlook, in his speech on Monday.
Key quotes
Inflation is going down faster than we expected.
Smaller hikes would need mid-term inflation nearing 2%.
March forecasts will help determine peak rate.
Forecasts are likely to show a faster drop in inflation.
Economy and labor market are showing resilience.
Market reaction
The latest ECB commentary is having little to no impact on the EUR/USD pair, as it keeps its downside consolidative phase intact at around 1.0675.
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