ECB’s Kazimir: Can't rule out further rate increases

Market news

18 September 2023

ECB’s Kazimir: Can't rule out further rate increases

The European Central Bank's (ECB) Slovakian policymaker Peter Kazimir said on Monday, “I wish is that September rate hike was the last but can't rule out further rate increases.”

Additional quotes

"Only the March forecast can confirm that we are heading unequivocally towards our inflation goal."

"End of rate hikes to open debate on how to adjust PEPP and APP."

"Once clear that no more hikes are needed, debate should start on speeding up QT."

Market reaction

At the press time, EUR/USD is adding 0.14% on the day to trade at 1.0668, maintaining its intraday range.

Currencies of central banks fighting inflation in credible manner likely to benefit in long-term – Commerzbank

GBP/USD attempts to retrace the intraday losses near 1.2380

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