- ECB’s Kazimir: ECB will have to keep raising interest rates for longer than anticipated
Market news
9 May 2023
ECB’s Kazimir: ECB will have to keep raising interest rates for longer than anticipated
European Central Bank (ECB) policymaker Peter Kazimir said on Tuesday, “based on current data, the ECB will have to keep raising interest rates for longer than anticipated.“
Additional quotes
“September projections earliest time to judge the effectiveness of measures and if inflation is moving towards target.”
“Core inflation, wage pressures, high-profit margins call for vigilance.”
“Slowing hikes lets the ECB to go higher for longer.”
“There’s plenty of ground left to cover.”
Market reaction
EUR/USD was last seen trading at 1.0975, down 0.25% on the day, uninspired by the hawkish ECB commentary.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page