- ECB’s Panetta: We have not reached the end of rate hike cycle
Market news
2 June 2023
ECB’s Panetta: We have not reached the end of rate hike cycle
European Central Bank (ECB) executive board member, Fabio Panetta, said on Friday, “we have not reached the end of the rate hike cycle.”
He added, “but we are not far away from it.”
Market reaction
At the time of writing, EUR/USD is modestly flat on the day at 1.0765, awaiting the US Nonfarm Payrolls data.
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