Open Demo Account
Home / Market Update / Forex Market / ECB’s Centeno: End of interest rate rise process is approaching

ECB’s Centeno: End of interest rate rise process is approaching

Mohamed Abdelhamid 10 January, 2023 11:18 pm Forex Market, Market Update

The European Central Bank’s governing council member Mario Centeno said on Tuesday the current process of interest rate increases is approaching its end.

The ECB’s policymaker added “even though inflation may have some resistance in January and February it will resume falling in March.”

EUR/USD pair is trading at 1.0741 at the time of writing; extending the bullish rally on Tuesday and has been trying to print a fresh high for this week’s initial balance, taking the US dollar down to 1.0759 versus the Euro on the bull’s quest for a test towards 1.0800.

Key Quotes

We are approaching the end of the interest rate rise process.

Inflation may have some resistance in January and February but will fall again in March.

Tags

Check Also

European Equities Remain Range-Bound as Investors Await Progress in U.S.-China Trade Talks

European equity indices traded in tight ranges on Tuesday, with investors closely watching ongoing trade …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends