- ECB’s Knot: Prolonged monetary tightening might still lead to stress in financial markets
Market news
7 June 2023
ECB’s Knot: Prolonged monetary tightening might still lead to stress in financial markets
European Central Bank (ECB) policymaker, Klaas Knot, said on Wednesday, “prolonged monetary tightening might still lead to stress in financial markets.”
“Inflation expectations in markets seem optimistic,” he added.
Market reaction
EUR/USD is recovering ground, although remains stuck near the 1.0700 barrier so far this Wednesday. The pair is modestly flat on the day.
Market Focus
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