“It would be appropriate for the European Central Bank to raise rates beyond March and reach the terminal rate this summer.“, the member of the Governing Council of the European Central Bank (ECB) told the Börsen-Zeitung on Monday. Olli Rehnas reported by Reuters.
Featured Statements
“Rates need to stay at a restrictive level for some time, don’t be too quick to talk about cuts.”
“Rate hikes should not stop as long as core inflation rises and is so high“.
“Eurozone recession likely to be avoided, growth in 2023 could be around 1%.”
market reaction
These comments do not seem to have a significant impact on the behavior of the euro against its rivals. At the time of writing these lines, the pair EUR/USD it remains stable at 1.0690.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
