- ECB’s Centeno: Interest rates have risen too fast
Market news
6 March 2023
ECB’s Centeno: Interest rates have risen too fast
When asked about a possible 50 basis points (bps) rate hike in March, European Central Bank (ECB) policymaker Centeno said that “the decision must be based on data.” Adding that the “interest rates have risen too fast.”
Additional quotes
“ECB should not rush to conclusions very fast.”
“Should heed lower inflation forecasts in March.”
Market reaction
At the time of writing, EUR/USD is trading 0.07% on the day at 1.0638.
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