- ECB's Wunsch: Maybe we've reached the peak in interest rates
Market news
12 October 2023
ECB's Wunsch: Maybe we've reached the peak in interest rates
European Central Bank (ECB) policymaker, Pierre Wunsch, made some comments on the interest rate and inflation outlook on Thursday.
Key quotes
Maybe we've reached the peak in interest rates.
If inflation meets forecast, then no more rate hikes are needed.
Backs reopening discussion on PEPP timetable.
We have to live with current uncertainty.
Oil prices are an upside risk to inflation.
Market reaction
At the time of writing, EUR/USD is keeping its sideways momentum intact near 1.0620, almost unchanged on the day.
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