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- ECB’s Kazaks: The central bank will hike above neutral rate if needed
ECB’s Kazaks: The central bank will hike above neutral rate if needed
European Central Bank (ECB) policymaker Martins Kazaks said in an interview with Eurofi magazine on Tuesday that the “ECB will hike above a neutral rate if needed.”
However, he added that a broad and protracted recession could slow rate hikes.
Meanwhile, Governing Council member Mario Centeno said that “the ECB may achieve inflation goal with slow normalization.”
Market reaction
EUR/USD is receding towards 0.9900, with deliberate attempts by the ECB policymakers to douse expectations of a 75 bps rate hike on Thursday.
The pair was last seen trading at 0.9940, adding 0.16% so far.
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