ECB’s Vasle: More rate hikes needed to get inflation to 2% target

Market news

2 June 2023

ECB’s Vasle: More rate hikes needed to get inflation to 2% target

European Central Bank (ECB) policymaker, Boštjan Vasle, said on Friday, “more rate hikes needed to get inflation to the 2% target.”

Vasle added, “core inflation remains high and persistent.”

Market reaction

At the time of writing, EUR/USD is keeping its upside intact at around 1.0775, up 0.11% on the day.

Currencies. Daily history for Friday, June 2, 2023

Commodities. Daily history for Thursday, June 1, 2023

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