Market news
03.11.2022, 06:21

ECB’s Kazaks: It's clear we need to raise interest rates

European Central Bank (ECB) policymaker Martins Kazaks said in a statement on Thursday, “It's clear we need to raise interest rates.”

“Inflation is very high in the Eurozone,” Kazaks added.

Market reaction

The shared currency is a little impressed by these comments, trading at 0.9815, modestly flat on the day.  

 

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