According to European Central Bank (ECB) policymaker Peter Kazimir, “based on current data, the ECB will have to keep raising interest rates for a longer period than anticipated. “September projections are the earliest time to judge the effectiveness of measures and if inflation is moving towards target.”
“Core inflation, wage pressures, and high profit margins necessitate caution.”
“Slowing hikes allow the European Central Bank to raise rates for a longer period of time.”
“There’s still a lot of ground to cover.”
ECB statement reaction on market
The EURUSD was last spotted trading at 1.0975, down 0.25% on the day, uninspired by the ECB’s hardline remarks.
