- ECB’s Kazaks: Rate-hiking may not be finished in July
Market news
9 May 2023
ECB’s Kazaks: Rate-hiking may not be finished in July
European Central Bank (ECB) policymaker Martins Kazaks warned on Tuesday, “rate-hiking may not be finished in July.
Additional quotes
“Bets on spring 2024 ECB 'significantly premature'.”
“It's not impossible for the ECB to hike or pause as the fed cuts.”
Market reaction
The hawkish comments from Kazaks fail to impress Euro bulls, as EUR/USD is falling 0.17% on the day to trade at 1.0985, as of writing.
Market Focus
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