- Analytics
- News and Tools
- Market News
- ECB's Knot: ECB has sent a forceful signal with rate rise
ECB's Knot: ECB has sent a forceful signal with rate rise
European Central Bank (ECB) policymaker Klaas Knot said on Friday that the ECB has sent a forceful signal with the 75 basis points rate hike, as reported by Reuters.
Knot further noted that the uncertainty surrounding the inflation outlook was too big and that it was making it difficult for them to give forward guidance. "Curbing the dynamic in inflation is the ECB's only concern," Knot added.
Market reaction
The shared currency continues to gather strength during the European trading hours on Friday. As of writing, the EUR/USD pair was trading at 1.0105, rising 1.1% on a daily basis.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
