• ECB’s de Guindos: July rate hike is set

Market news

28 June 2023

ECB’s de Guindos: July rate hike is set

European Central Bank (ECB) Vice President, Luis de Guindos, said on Wednesday, “the July rate hike is set.”

“There is more ground to be covered on rates,” de Guindos added.

Additional quotes

The September move will depend on data.

So far we are not seeing a wage-price spiral.

Market reaction

EUR/USD was last seen trading at 1.0951, down 0.06% on the day.

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