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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.

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