ECB's de Cos: Market expectations of a 3.25% rate peak cannot be validated

Market news

21 March 2023

ECB's de Cos: Market expectations of a 3.25% rate peak cannot be validated

European Central Bank’s (ECB) policymaker and Spanish central bank head Pablo Hernandez de Cos said on Tuesday, “market expectations of a 3.25% rate peak cannot be validated.”

Additional quotes

“The ECB is ready to react to maintain price stability, financial stability and the Eurozone's finance.”

“We have many tools to ensure liquidity to the finance system.”

Market reaction

EUR/USD is challenging bullish commitments at the 1.0700 level so far this Tuesday. The spot is down 0.11% on the day.

Currencies. Daily history for Tuesday, March 21, 2023

Commodities. Daily history for Monday, March 20, 2023

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