ECB's Vujcic: The Bank's rate hike cycle is over for now
The European Central Bank (ECB) Governing Council member and Governor of the Croatian National Bank, Boris Vujčić, stated on Sunday with Croatian state broadcaster HRT1 in a TV interview that The ‘rate hikes over’ news is not surprising and it has been the anticipation for weeks. Vujčić further stated that he’s confident inflation will hit the ECB target by 2025.
Key quotes
“We have finished with the process of raising interest rates for now”
“At this moment we see that inflation is falling, we have a disinflation process. And after we conducted a series of measures to dampen lending, it has fallen.”
Market reaction
The comments above has little to no impact on the Euro. At the time of writing, EUR/USD is trading near 1.0563, holding lower while losing 0.02% on the day
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.