The European Central Bank’s Martins Kazaks said ”there is no pivot, we still say that inflation is a problem, and we will keep raising rates.”
Kazaks has recently said that the ECB must raise interest rates much further, but that it is impossible to say how far because economic uncertainty is too high.
\u201cNobody at the moment can know with any precision where exactly the terminal rate will be,\u201d Kazaks said in an interview in Riga. Borrowing costs \u201care still way below where they should be\u201d and must move to levels that equate to monetary tightening, not just a withdrawal of stimulus, he said.
The euro is advancing on Monday. Investors have been of the mind that the US economy is slowing enough to allow the Fed to ease its rate-hiking pace and the ongoing speculation that China may ease COVID restrictions. The euro is approaching last month’s highs.
<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Central Bank’s Martins Kazaks said ”there is no pivot, we still say that inflation is a problem, and we will keep raising rates.”Kazaks has recently said that the ECB must raise interest rates much further, but that it is impossible to say how far because economic uncertainty is too high.\u201cNobody at the moment …<\/p>\n","protected":false},"author":13,"featured_media":59567,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,6987,8143,10064,9656],"class_list":["post-75252","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-inflation","tag-interest-rate-hikes","tag-interest-rate-hiking-pace","tag-kazaks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=75252"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75252\/revisions"}],"predecessor-version":[{"id":75258,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/75252\/revisions\/75258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/59567"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=75252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=75252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=75252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}