ECB’s Holzmann: No view on what should happen with rates beyond July

Market news

16 June 2023

ECB’s Holzmann: No view on what should happen with rates beyond July

European Central Bank (ECB) policymaker Robert Holzmann said on Friday that he has no view on what should happen with rates beyond July.

Additional takeaways

“If things continue as they are, namely with stubbornly high inflation, then further action on rates will be needed.”

“Key question will be how persistent core inflation is.”

Market reaction

At the time of writing, EUR/USD is trading at 1.0953, up 0.07% on the day, little affected by the ECB commentary.

Currencies. Daily history for Friday, June 16, 2023

Commodities. Daily history for Thursday, June 15, 2023

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