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- ECB's Vasle: Considering 25 and 50 bps rate hike options for May
ECB's Vasle: Considering 25 and 50 bps rate hike options for May
While speaking at the sidelines at the IMF event, European Central Bank (ECB) Governing Council member Bostjan Vasle said that they are considering 25 and 50 basis points (bps) rate hike options for the May policy meeting, per Reuters.
"Headline inflation is coming down but we are all focused on core inflation, which is still moving in the wrong direction," Vasle further noted. "This is, of course, not unexpected given the tightness of the labour market and still not fully materialised pass-through effects."
Market reaction
EUR/USD preserves its bullish momentum following these comments and was last seen trading at its highest level since March 2022 at 1.1060, gaining 0.65% on daily basis.
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